A. 
Any person or entity desiring to retain the services of police officers of the Borough of Lavallette for off-duty police-related activities shall be required to enter into a contract with the Borough of Lavallette. Said contract shall include but not be limited to the nature of duties to be performed, the location of said duties, the date and hours of service, the rate of payment for services of the officers, administrative fees to the Borough of Lavallette and fees for the use of Borough-owned equipment. Except in the case of public or quasi-public agencies, the Chief of Police or Public Safety Director, as applicable, shall require the payment of 100% of the estimated amount due the Borough for the assignment of such off-duty officer or officers from the person or entity requesting such assignment, in advance of providing such officer or officers. The Chief of Police or Public Safety Director, as applicable, is hereby empowered to execute a contract for off-duty police-related activities on behalf of the Borough in accordance with this article.
B. 
The Chief of Police or Public Safety Director, as applicable, shall be responsible for the assignment of all off-duty police-related activities and the billing of all compensation due the Borough. The Chief of Police or Public Safety Director, as applicable, shall be authorized to designate other members of the Police Department as needed to assist him in the assignment of off-duty police-related activities.
C. 
All persons or entities shall be required to make all payments for off-duty assignments payable to the Borough of Lavallette to the Chief Financial Officer of the Borough of Lavallette. The rate of payment for the officers shall be established by multiplying the actual hourly compensation payable by the Borough to such officer or officers as a result of such assignment by the number of hours or fractions thereof actually worked or to be worked by such officer or officers. Such sum shall then be multiplied by 1.33 so as to arrive at the total of the rate of payment for the officers.
D. 
Each person or entity who shall employ off-duty police officers pursuant to this section shall be responsible for maintaining his or its own insurance coverage. Said insurance coverage shall include but not be limited to general liability and automobile liability and shall name the Borough of Lavallette as an additional insured. In addition, such policy shall provide for a minimum coverage of $1,000,000 for any one claim or $2,000,000 for any aggregate claims. Proof of said insurance coverage shall be provided to the Borough of Lavallette prior to the assignment of any off-duty police officers to said person or entity. The person or entity shall provide for the aforementioned coverage for any and all officers, vehicles and/or equipment that is utilized in the off-duty assignment.
E. 
The Chief of Police or Public Safety Director, as applicable, or his designee shall have the authority to order any police officer engaged in off-duty assignments within the Borough of Lavallette to respond to an emergency situation within the Borough of Lavallette. The Chief of Police or Public Safety Director, as applicable, or his designee shall also have the right to order any off-duty assignment to be terminated whenever said assignment creates an unacceptable risk to the health, safety and welfare of the off-duty officer and/or the citizens of the Borough of Lavallette. In the event that a police officer is assigned to an emergency situation, the Police Chief or his designee shall make note of said emergency situation, as well as the time said officer was removed from said off-duty assignment. In any situation where an off-duty police officer is called to an emergency situation, said person or entity shall not be responsible for the payment of the officer's hourly rate, administrative fee or any other fees to the Borough of Lavallette until such time as said police officer and/or equipment returns to the assignment with the off-duty employer.
F. 
Any person or entity requesting the services of off-duty police officers shall agree to indemnify and hold harmless the Borough of Lavallette for any and all claims and damages which may arise from the off-duty police officer's employment by said person or entity.