Effective the first day of the fall term 2014, all principals shall be paid at the rate of $903.00 per teacher supervised as at September 30, excluding him/herself. In no case will the allowance be less than $7,213. In no case will the allowance be more than $26,651.
Effective the first day of the fall term 2015, all principals shall be paid at the rate of $921.00 per teacher supervised as at September 30, excluding him/herself. In no case will the allowance be less than $7,357. In no case will the allowance be more than $27,184.
Effective the first day of the fall term 2016, all principals shall be paid at the rate of $939.00 per teacher supervised as at September 30, excluding him/herself. In no case will the allowance be less than $7,504. In no case will the allowance be more than $27,728.
Effective the first day of the fall term 2017, all principals shall be paid at the rate of $967.00 per teacher supervised as at September 30, excluding him/herself. In no case will the allowance be less than $8,336. In no case will the allowance be more than $28,560.
The vice-principal shall receive a sum equal to one half the allowance paid to the principal of the same school.