A teacher appointed by the Institute to be the principal of the Institute shall be paid according to the following scale:
| Step | Effective | Effective | Effective | Effective | Effective |
| July 2014 | July 2015 | July 2016 | July 2017 | Jan. 1, 2018 | |
| 0 | 104063 | 106144 | 108267 | 109891 | 111539 |
| 1 | 106958 | 109097 | 111279 | 112948 | 114643 |
| 2 | 109855 | 112052 | 114293 | 116007 | 117747 |
| 3 | 112750 | 115005 | 117306 | 119065 | 120851 |
| 4 | 117427 | 119775 | 122171 | 124003 | 125864 |
A teacher so appointed as Principal of the Institute and placed on the above scale shall move forward one (1) step upon the completion of one (1) year of service in the position of Principal up to and including the maximum of the scale.
Nothing in this agreement shall limit the right of the Institute to place a Principal above Step 1 of the scale on initial appointment of the teacher to the position of Principal.