Common use of Principal Allowances Clause in Contracts

Principal Allowances. 4.2.1.1. Principals assigned to the school to which they were assigned on September 1, 2017 shall be paid an annual Administrative allowance calculated as a base allowance plus per student rate for each student in excess of three hundred (300) students in that principal’s school on September 30th of that school year. This allowance is to be adjusted on the same dates and by the same percentage increases as are applied to the salary grid. 4.2.1.1.1. 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 $ 23,434.04 $ 23,551.21 $ 23,845.60 $ 24,322.51 Per Student (Excess of 300 Students) $ 20.16 $ 20.26 $ 20.51 $ 20.92 4.2.1.2. Principals who are at a school other than that to which they were assigned on September 1, 2017, with a student population of eight hundred (800) students or less, will be paid an allowance of; 4.2.1.2.1. Effective until June 9, 2022; twenty-five thousand, three hundred and seventy-two dollars ($25,372.00). 4.2.1.2.2. Effective June 10, 2022, 0.50% increase; twenty-five thousand, four hundred, ninety-eight dollars and eighty- six cents ($25,498.86). 4.2.1.2.3. Effective September 1, 2022, 1.25% increase; twenty- five thousand, eight hundred, seventeen dollars and sixty cents ($25,817.60). 4.2.1.2.4. Effective September 1, 2023, 2% increase); twenty-six thousand, three hundred, thirty-three dollars and ninety-five cents ($26,333.95). 4.2.1.2.5. This allowance is to be adjusted on the same dates and by the same percentage increases as are applied to the salary grid. 4.2.1.3. Principals at a school with a population of eight hundred and one 4.2.1.3.1. Effective until June 9, 2022; thirty-seven thousand, seven hundred and forty-two dollars ($37,742.00). 4.2.1.3.2. Effective June 10, 2022, 0.50% increase; thirty-seven thousand, nine hundred, thirty dollars, and seventy-one cents ($37,930.71). 4.2.1.3.3. Effective September 1, 2022, 1.25% increase; thirty- eight thousand, four hundred, four dollars, and eighty- four cents ($38,404.84). 4.2.1.3.4. Effective September 1, 2023, 2% increase; thirty-nine thousand, one hundred, seventy-two dollars, and ninety-four cents ($39,172.94). 4.2.1.3.5. This allowance is 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 principal of the St. ▇▇▇▇▇▇▇ Learning Centre will be paid an annual allowance of; 4.2.1.4.1. Effective until June 9, 2022; twenty-five thousand, three hundred and seventy-two dollars ($25,372.00). 4.2.1.4.2. Effective June 10, 2022, 0.50% increase; twenty-five thousand, four hundred, ninety-eight dollars and eighty- six cents ($25,498.86). 4.2.1.4.3. Effective September 1, 2022, 1.25% increase; twenty- five thousand, eight hundred, seventeen dollars and sixty cents ($25,817.60). 4.2.1.4.4. Effective September 1, 2023, 2% increase; twenty-six thousand, three hundred, thirty-three dollars and ninety-five cents ($26,333.95). 4.2.1.5. 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 FTE.