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4 Section Seven Employees 7.1 All personnel employed at the Fitness Center shall be employees of EF and not of City. EF shall select the number, function, qualifications, compensation and benefits of these employees and shall control the terms and conditions of their employment. Section Eight Personal Property 8.1 Except as provided herein, ownership of the personal property shall remain with the party who supplied same. 8.2 If EF, as a business, is sold, and the City terminates this agreement as provided in Section 2.1 hereof, the City shall have the right to continue to use all fitness equipment in the Fitness Center, notwithstanding EF’s ownership of the equipment, for one (1) year from the date of termination. At the expiration of the one year period, EF shall promptly remove the equipment. If the equipment is not removed within thirty (30) days, it shall be deemed abandoned. Section Nine Insurance 9.1 City shall carry real property insurance on the Facility and Fitness Center against loss or damage in such amounts as may be determined by City. 9.2 EF shall carry the following minimum insurance, in the name of EF with City listed as additional insured: 1) Commercial general liability insurance insuring against claims for injury, death or property damage occurring on, in or about the Facility with single limit, aggregate and excess liability coverage in a minimum amount of $2,000,000 per occurrence, $3,000,000 annual aggregate. The policy shall cover liability arising from premises, operations, products-completed operations, personal injury, advertising injury, and contractually assumed liability. 2) Worker’s Compensation in a statutory amount and Employers Liability Insurance in the amount of $500,000 on all personnel employed by EF at the Fitness Center, during the term of this Agreement. 3) Employee Theft and Third-Party Theft Crime Insurance in the amount of $500,000. 4) Excess Liability coverage in the amount of $1,000,000