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4) Termination. This agreement may be terminated at any time, with or without cause, upon the mutual consent of a majority of the member Parties. 5) Withdrawal. Any Party may withdraw from this agreement at any time, with or without cause, upon providing to the non-withdrawing Parties a written notice of such withdrawal given not less than Ninety (90) days prior to the effective date of the withdrawal. 6) Governance. The activities of the cooperative undertaking shall be governed by a board comprised of one or more representatives from each of the Parties, hereinafter referred to as the "SCPETR Policy Board." The SCPETR Policy Board shall meet not less than (six) times each calendar year. The SCPETR Policy Board shall select as officers a Chairperson, Vice-Chairperson and a secretary who shall serve terms of one year. A quorum necessary for conducting business at any SCPETR meeting shall consist of fifty (50) percent plus (1) of the membership of the governing board All questions before the SCPETR Policy Board shall be determined by majority vote of the members present. The SCPETR Policy Board may adopt such by-laws and rules of procedure as deemed appropriate by the SCPETR Policy Board. 7) Cooperative Powers and Authority. Each Party shall maintain their local PET program, and other operating components of the local Emergency Management Program. Each shall grant permission for any public safety agency to participate in any such program. 8) Claims and Indemnity. At all times while utilizing or participating in the PET program the employee of the Party shall remain an employee of the employing agency. Each Party shall provide liability insurance and indemnification for its own personnel as provided in Neb.Rev.Stat. §13-1802. 9) Modification. This Agreement may be modified by written agreement of the Parties. 10)No Separate Entity. There shall be no separate legal entity created through this Interlocal cooperation agreement. Said agreement shall be jointly administered by the SCPETR Policy Board as provided in section 6, above. 11)Property. Any property acquired or made available by any party to this agreement for the purposes of this agreement shall remain the property of the party acquiring or making such property available and shall be disposed of such party as provided by law, regulation, or ordinance governing the same. a) Any property acquired jointly shall, upon termination, be equitably distributed among the Parties based upon the Parties' financial contributions toward the purchase and maintenance of any such property. In the event any Party withdraws from this agreement, an equitable distribution of the jointly held property, or the fair market value thereof, shall be made to the withdrawing party based upon the withdrawing Party's financial contributions toward the purchase and maintenance 2