A locking assembly is provided for installation on a saddle-type vehicle such as an ATV. The locking assembly has a locked configuration and an unlocked configuration and comprises a removable portion and a receptacle. The receptacle is configured to engage the removable portion. The locking assembly is configured to unlock and allow powering of the vehicle when the removable portion is engaged in the receptacle and to lock and prevent powering the vehicle when the removable portion is not engaged in the receptacle. The removable portion includes an actuator configured to select from a first operable engine condition and a second inoperable engine condition.