Removable key cassette assembly

1. A lock assembly comprising:

a lock cylinder having a bore disposed therein and at least one pocket located adjacent the periphery of the bore;

wherein the cylinder includes a chimney that houses top pins and corresponding springs;

a plug including a cassette slot, top opening, and a plunger bore;

wherein the plug is held in the lock cylinder by a retaining clip;

a plunger that fits in the plunger bore of the plug;

a locking tab having a slot disposed therein;

wherein the slot of the locking tab receives a portion of the plunger;

a cassette that has a key slot configured to receive a key, and openings configured to receive a plurality of pins that when the key is inserted into the key slot, the pins do not extend beyond a shear line located between the periphery of the lock cylinder bore and its chimney;

wherein the cassette includes a tool slot configured to receive a tool for engaging the plunger to selectively move at least a portion of the locking tab to the pocket;

wherein when the at least the portion of the locking tab is located in the pocket the locking tab does not block the cassette from being removed from the bore in the lock cylinder; and

wherein the cassette is available to be rekeyed.

2. The lock assembly of claim 1 , further comprising a spring that biases the plunger.

3. The lock assembly of claim 1 , wherein rotating the plug with respect to the lock cylinder prevents the top pins from exiting the chimney when the cassette is removed from the plug.

4. A lock assembly comprising:

a lock cylinder having a bore disposed therein and at least one pocket located adjacent the periphery of the bore;

a plug including a cassette slot;

a plunger that fits in the plug;

a locking tab having a slot disposed therein;

wherein the slot of the locking tab receives a portion of the plunger;

a cassette having a key slot configured to receive a key;

wherein the cassette includes a tool slot configured to receive a tool to selectively engage the plunger to selectively move the locking tab into and out of the pocket; and

wherein when a portion of the locking tab is located in the pocket the locking tab does not block the cassette from being removed from the plug.

5. The lock assembly of claim 1 , further comprising a spring that biases the plunger.

6. The lock assembly of claim 1 , wherein rotating the plug with respect to the lock cylinder prevents the top pins from exiting the lock cylinder when the cassette is removed from the plug.

7. A method for rekeying a lock cylinder comprising the steps of:

providing a lock cylinder that receives a plug, and wherein the plug receives a cassette;

inserting a key into a key slot in the cassette;

rotating the cassette and plug with respect to the lock cylinder;

inserting a tool through a tool slot located in the cassette and engaging a plunger located in the plug exterior of the cassette to move a locking tab;

moving the locking tab having a slot that receives the plunger to cease the tab from being a barrier that prevents the cassette from being removed from the plug; and

removing the cassette from the plug.