Principal Allowance Sample Clauses
The Principal Allowance clause defines the maximum amount of principal that may be allocated or utilized under a contract or agreement. In practice, this clause sets a cap on the total funds or resources that can be drawn, borrowed, or otherwise used by a party, often specifying limits for each period or for the overall term. By establishing clear boundaries on principal usage, the clause helps prevent overextension of resources and ensures both parties have a mutual understanding of financial limits, thereby reducing the risk of disputes related to excessive use or allocation.
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Principal Allowance. Each School Division shall maintain their current administrative allowance structure, including allowance rates that were in effect on June 30, 2022, for the duration of this Collective Agreement. These administrative allowance formulas are contained in Appendix #4 of this Collective Agreement.
Principal Allowance. In addition to the salary earned as a teacher, a Principal shall receive the applicable allowance, based on the total staff of the school supervised by the Principal as follows: Fewer than 30 30 or More but Fewer than 40 40 or More but Fewer than 50 50 or More but Fewer than 60 60 or More 25,928 30,838 35,753 40,665 45,577
Principal Allowance. 4.2.1.1 Principals, other than those specified in clauses 4.2.3 and 4.2.4, shall be paid an administrative allowance based on the number of students enrolled in the principal’s school in accordance with the following schedule: Number of Students Effective until June 9, 2022 Effective June 10, 2022 (0.50% increase) Effective September 1, 2022 (1.25% increase) Effective September 1, 2023 (2% increase) 0 - 250 students $ 18,528 $ 18,621 $ 18,854 $ 19,231 251 - 350 students $ 21,010 $ 21,115 $ 21,379 $ 21,807 351 - 450 students $ 23,473 $ 23,590 $ 23,885 $ 24,363 451 - 600 students $ 26,755 $ 26,889 $ 27,225 $ 27,770 601 - 800 students $ 30,697 $ 30,850 $ 31,236 $ 31,861 801 - 950 students $ 32,337 $ 32,499 $ 32,905 $ 33,563 951+ students $ 35,646 $ 35,824 $ 36,272 $ 36,997
4.2.1.2 For the purposes of clause 4.2.1, the student count shall be as at September 30th.
4.2.1.3 Notwithstanding any other provision in the collective agreement, principals shall receive a minimum allowance of $25,000 annually, prorated based on FTE.
Principal Allowance. 4.2.1.1 Principals shall be paid fifteen point five percent (15.5%) of their position on the salary schedule, plus a per pupil amount of Twenty Two Dollars and Eighty Five Cents ($22.85) based on the enrolment at the school the Principal is assigned as of September 30th of the current school year.
Principal Allowance. 4.2.1.1 Principals, other than those specified in 4.2.3 and 4.2.4, shall be paid an administrative allowance based on the number of students enrolled in the principal’s school in accordance with the following schedule: 0 - 250 students $18,528 251 - 350 students $21,010 351 - 450 students $23,473 451 - 600 students $26,755 601 - 800 students $30,697 801 - 950 students $32,337 951+ $35,646
4.2.1.2 For the purposes of Article 4.2.1, the student count shall be as at September 30.
Principal Allowance. 4.2.1.1. Principals shall be paid fifteen-point five per cent (15.5%) of their position on the salary schedule, plus a per pupil amount of:
4.2.1.1.1. Effective until June 9, 2022, twenty-two dollars and eighty-five cents ($22.85) based on the enrolment at the school the principal is assigned as of September 30th of the current school year.
4.2.1.1.2. Effective June 10, 2022, zero-point five per cent (0.50%) increase, twenty-two dollars and ninety-six cents ($22.96) based on the enrolment at the school the principal is assigned as of September 30th of the current school year.
4.2.1.1.3. Effective September 1, 2022, one point two-five per cent (1.25%) increase, twenty-three dollars and twenty- five cents ($23.25) based on the enrolment at the school the principal is assigned as of September 30th of the current school year.
4.2.1.1.4. Effective September 1, 2023, two per cent (2.00%) increase, twenty-three dollars and seventy-two cents ($23.72) based on the enrolment at the school the
4.2.1.2. Notwithstanding any other provision in the collective agreement, principals shall receive a minimum allowance of twenty-five thousand ($25,000) annually, prorated based on full time equivalent (FTE).
Principal Allowance. 1.1.1 The parties agree to an administrator allowance formula with a base of $17,850 per school, an additional $10 per student, and an additional $100 per FTE staff, based on September 30 student and FTE Staff counts.
Principal Allowance. 4.2.1.1. Principal Allowance Table: Base Allowance Effective until June 9, 2022 Effective June 10, 2022 0.50% Increase Effective September 1, 2022 1.25% Increase Effective September 1, 2023 2.00% Increase per student for the first 300 students $ 28.55 $ 28.69 $ 29.05 $ 29.63 per student thereafter $ 20.72 $ 20.82 $ 21.08 $ 21.50
4.2.1.2. Notwithstanding any other provision in the collective agreement, principals shall receive a minimum allowance of twenty-five thousand ($25,000) annually, prorated based on FTE.
Principal Allowance. 4.2.1.1. Basic allowance: 10.0 percent of category 4 maximum salary Basic Amount, 10% of Category 4 Maximum Salary $ 9,409 $ 9,456 $ 9,574 $ 9,766
Principal Allowance. Effective 1st day of the Fall Term 2014 (2.0%): a base of $2,999 plus $742 per teacher supervised to a maximum of $26,320 except High Schools where the maximum shall be $27,961. Effective 1st day of the Fall Term 2015 (2.0%): a base of $3,059 plus $757 per teacher supervised to a maximum of $26,846 except High Schools where the maximum shall be $28,520. Effective 1st day of the Fall Term 2016 (2%): a base of $3,120 plus $772 per teacher supervised to a maximum of $27,383 except High Schools where the maximum shall be $29,090. Effective 1st day of the Fall Term 2017 (1.5%): a base of $3,167 plus $784 per teacher supervised to a maximum of $27,794 except High Schools where the maximum shall be $29,526. Effective 1st day of the January 2018 (1.5%): a base of $3,215 plus $796 per teacher supervised to a maximum of $28,211 except High Schools where the maximum shall be $29,969.