We present phase diagrams for a nonequilibrium mixed spin-1/2 and spin-2 Ising ferrimagnetic system on a square lattice in the presence of a time dependent oscillating external magnetic field. We employ the Glauber transition rates to construct the mean-field dynamical equations. The time variation of the average magnetizations and the thermal behavior of the dynamic magnetizations are investigated, extensively. The nature (continuous or discontinuous) of the transitions is characterized by studying the thermal behaviors of the dynamic magnetizations. The dynamic phase transition points are obtained and the phase diagrams are presented in two different planes. Phase diagrams contain paramagnetic (p) and ferrimagnetic (i) phases, and one coexistence or mixed phase region, namely the i+p, that strongly depend on interaction parameters. The system exhibits the dynamic tricritical point and the reentrant behaviors. (C) 2009 Elsevier B.V. All rights reserved.