Common use of Calculation of Entitlement Clause in Contracts

Calculation of Entitlement. Each Principal will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Principal in each school year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a school year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term time. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays; (b) For the 2017 school year the SVP ratio is 0.287 (being 58 weekdays falling within student vacation periods divided by 203 weekdays falling during term time); (c) Six months prior to the commencement of the 2018 and 2019 school year the employers to which this cause applies, following consultation with the IEU, will confirm the SVP Ratio calculated in accordance with formula in paragraph 20.5 (a); (d) For every hour worked by a Principal during term time, that Principal’s SVP Balance will be increased by the amount of the SVP Ratio for that school year; (e) For each hour a Principal is paid during a student vacation period, an hour will be deducted from the Principal’s SVP Balance.

Calculation of Entitlement. Each Principal will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Principal in each school year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a school year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term time. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays; (b) For the 2017 2020 school year the SVP ratio is 0.287 0.286 (being 58 weekdays falling within student vacation periods divided by 203 weekdays falling during term time); (c) Six months prior to For the commencement of the 2018 and 2019 2021 school year the employers to which this cause applies, following consultation with the IEU, will confirm the SVP Ratio calculated in accordance with formula in paragraph 20.5 is 0.303 (abeing 61 weekdays falling within student vacation periods divided by 201 weekdays falling during term time); (d) For every hour worked by a Principal during term time, that Principal’s SVP Balance will be increased by the amount of the SVP Ratio for that school year; (e) For each hour a Principal is paid during a student vacation period, an hour will be deducted from the Principal’s SVP Balance.

Calculation of Entitlement. Each Principal will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Principal in each school year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a school year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term timetime and rounded to three decimal places. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays;. (b) For Upon request from the 2017 school year Union, Employers will advise the Union of the SVP ratio is 0.287 (being 58 weekdays falling within student vacation periods divided by 203 weekdays falling during term time);Ratio applicable in a given year. (c) Six months prior to the commencement of the 2018 and 2019 school year the employers to which this cause applies, following consultation with the IEU, will confirm the SVP Ratio calculated in accordance with formula in paragraph 20.5 (a); (d) For every hour worked by a Principal during term time, that Principal’s SVP Balance will be increased by the amount of the SVP Ratio for that school year;. For example, in a School Year with an SVP Ratio of 0.286 (being 58 weekdays falling within student vacation periods divided by 203 weekdays falling during term time), a Principal who works 10 hours will accumulate 2.86 hours to their SVP Balance. (ed) For each hour a Principal is paid during a student vacation period, an hour will be deducted from the Principal’s SVP Balance.