Common use of Principal Allowance Clause in Contracts

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. 4.2.1.1. Principals In addition to the foregoing salary there shall be paid fifteen-point five per cent (15.5%) allowances in accordance with the following schedule. 4.2.1.1. Principal Allowance Schedule Number of their position on the salary schedule, plus a per pupil amount of: 4.2.1.1.1. Students 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. 2022 Effective June 10, 2022, zero-point five per cent 2022 (0.50%% increase) 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%2022(1.25% increase) 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 2023 (2.00%2% increase) increase, twenty-three dollars and seventy-two cents ($23.72) based on the enrolment at the school the 4.2.1.2. 0–100 students $ 138.21 $ 138.90 $ 140.64 $ 143.45 101–200 students $ 40.63 $ 40.83 $ 41.34 $ 42.17 201–300 students $ 24.38 $ 24.50 $ 24.81 $ 25.30 300+ students $ 22.76 $ 22.87 $ 23.16 $ 23.62 Notwithstanding any other provision in the collective agreement, principals shall receive a minimum allowance of twenty-five thousand dollars ($25,000) annually, prorated based on full time equivalent (FTE). 4.2.1.2. For the purpose of determining allowances based on student count, such count shall be September 30 of each school year. 4.2.1.3. The principal’s allowances are to be adjusted on the same dates and by the same percentage increases as are applied to the salary grid. 4.2.1.4. The minimum allowances are to be adjusted on the same dates and by the same percentage increases as are applied to the salary grid.