Common use of Principal Allowances Clause in Contracts

Principal Allowances. 4.2.1.1. Principal Allowance Table Base of 100 students Effective until June 9, 2022 Effective June 10, 2022 0.50% Increase Effective September 1, 2022 1.25% Increase Effective September 1, 2023 2.00% Increase $ 16,268 $ 16,349 $ 16,553 $ 16,884 101-200 students (per student rate) $ 29.77 $ 29.92 $ 30.29 $ 30.90 201-300 students (per student rate) $ 24.74 $ 24.86 $ 25.17 $ 25.67 301-400 students (per student rate) $ 21.46 $ 21.57 $ 21.84 $ 22.28 401-500 students (per student rate) $ 21.37 $ 21.48 $ 21.75 $ 22.19 501-600 students (per student rate) $ 20.62 $ 20.72 $ 20.98 $ 21.40 601-700 students (per student rate) $ 19.48 $ 19.58 $ 19.82 $ 20.22 701+ students (per student rate) $ 17.99 $ 18.08 $ 18.31 $ 18.68 4.2.1.2. Notwithstanding any other provision in the Collective Agreement, principals shall receive a minimum allowance of $25,000 annually, prorated based on FTE.