Principals’ Remuneration Clause Samples
The Principals’ Remuneration clause defines how and when the main parties to an agreement—often the owners, directors, or key stakeholders—are compensated for their roles. It typically outlines the types of remuneration, such as salaries, bonuses, or profit shares, and may specify payment schedules, performance criteria, or approval processes for changes in compensation. This clause ensures transparency and agreement on financial entitlements, helping to prevent disputes over payments and aligning expectations among the principals involved.
Principals’ Remuneration. A Principal’s core remuneration shall comprise the school roll-based salary component (U grade) specified in clause 3.1.1 and the staffing based salary component (supplementary) specified in clause 3.1.2, the decile payment (where applicable) in clause 3.1.3, the Area School Principal’s Payment in clause 3.8 and the Area School Principals’ Career Structure payment (where applicable) in clause 4.4.
3.1.1 The Principal’s salary shall be determined in accordance with the grade of the school (i.e. U1-U16): U Grade Roll size Rate effective 2 June 2018 Rate effective 20 August 2019 Rate effective 20 August 2020 Rate effective 20 August 2021 1 1-50 $82,109 $92,403 $95,175 $98,031 2 51-100 $89,712 ▇ ▇▇▇-▇▇▇ $97,161 $100,076 $103,078 $106,170 ▇ ▇▇▇-▇▇▇ $104,774 $107,917 $111,155 $114,489 ▇ ▇▇▇-▇▇▇ $112,387 $115,759 $119,231 $122,808 ▇ ▇▇▇-▇▇▇ $116,739 $120,241 $123,848 $127,564 ▇ ▇▇▇-▇▇▇ $121,270 $124,908 $128,655 $132,515 8 851-1025 $125,803 $129,577 $133,464 $137,468 ▇ ▇▇▇▇-▇▇▇▇ $128,884 $132,751 $136,733 $140,835 ▇▇ ▇▇▇▇-▇▇▇▇ $131,964 $135,923 $140,001 $144,201 ▇▇ ▇▇▇▇-▇▇▇▇ $136,460 $140,554 $144,770 $149,114 ▇▇ ▇▇▇▇-▇▇▇▇ $140,957 $145,186 $149,541 $154,028 ▇▇ ▇▇▇▇-▇▇▇▇ $145,161 $149,516 $154,001 $158,621 ▇▇ ▇▇▇▇-▇▇▇▇ $149,366 $153,847 $158,462 $163,216 ▇▇ ▇▇▇▇-▇▇▇▇ $153,046 $157,637 $162,367 $167,237 16 2401+ $156,727 $161,429 $166,272 $171,260
3.1.2 Staffing based salary component In addition to the school roll-based salary specified in 3.1.1, the Principal’s core remuneration shall include the staffing-based salary calculated according to the following formula: Total teacher staff (TTS) Rates effective 2 June 2018 Rates effective 20 August 2019 Rates effective 20 August 2020 Rates effective 20 August 2021 ≤13 ($752*TTS)+$2,929 ($775*TTS)+$3,017 ($798*TTS)+$3,107 ($822*TTS)+$3,201 >13 ($149*TTS)+$11,193 ($153*TTS)+$11,529 ($158*TTS)+$11,875 ($162*TTS)+$12,231 The staffing funding component is based on total teacher staffing that includes entitlement, attached and additional staffing, in addition to entitlement staffing transfer, teacher specific time allowances and staffing for attached units under Boards of Trustees as determined in the Ministry staffing notice. It does not include teachers who may be employed above entitlement from a Board’s operations funding.
Principals’ Remuneration. 3.1 A Principal’s core remuneration shall comprise the school roll-based salary component (U grade) specified in clause 3.1.1 and the staffing based salary component (supplementary) specified in clause
Principals’ Remuneration. A Principal’s remuneration shall comprise the school roll-based salary component (U grade) specified in clause 3.1.1 and the staffing based salary component (supplementary) specified in clause 3.1.2, the decile payment (where applicable), the Area School Principal’s Payment and the Career Allowance (where applicable).
3.1.1 The Principal’s salary shall be determined in accordance with the grade of the school (i.e. U1-U16): U Grade Roll size Rate prior to 2 June 2016 Rate effective 2 June 2016 Rate effective 2 June 2017 Rate effective 2 June 2018
3.1.2 Staffing based salary component In addition to the school roll-based salary specified in 3.1.1, the base salary of the Principals shall include the staffing-based salary calculated according to the following formula: Total teacher staff (TTS) Rates prior to 2 June 2016 Rates effective 2 June 2016 Rates effective 2 June 2017 Rates effective 2 June 2018 The staffing funding component is based on total teacher staffing that includes entitlement, attached and additional staffing, in addition to entitlement staffing transfer, teacher specific time allowances and staffing for attached units under Boards of Trustees as determined in the Ministry staffing notice. It does not include teachers who may be employed above entitlement from a Board’s operations funding.
Principals’ Remuneration. A Principal’s remuneration shall comprise the school roll-based salary component (U grade) specified in clause 3.1.1 and the staffing based salary component (supplementary) specified in clause 3.1.2, the decile payment (where applicable), the Area School Principal’s Payment and the Career Allowance (where applicable).
3.1.1 The Principal’s salary shall be determined in accordance with the grade of the school (i.e. U1- U GRADE Roll size Rates 1 1-50 $75,288 2 51-100 $82,260 ▇ ▇▇▇-▇▇▇ $89,090 ▇ ▇▇▇-▇▇▇ $96,071 ▇ ▇▇▇-▇▇▇ $103,052 ▇ ▇▇▇-▇▇▇ $107,042 ▇ ▇▇▇-▇▇▇ $111,196 8 851-1025 $115,353 ▇ ▇▇▇▇-▇▇▇▇ $118,178 ▇▇ ▇▇▇▇-▇▇▇▇ $121,003 ▇▇ ▇▇▇▇-▇▇▇▇ $125,125 ▇▇ ▇▇▇▇-▇▇▇▇ $129,248 ▇▇ ▇▇▇▇-▇▇▇▇ $133,103 14 2001-2,200 $136,959 15 2,201-2,400 $140,334 16 2,401+ $143,708
3.1.2 Staffing based salary component In addition to the school roll-based salary specified in 3.1.1, the base salary of the Principals shall include the staffing-based salary calculated according to the following formula: The staffing funding component is based on total teacher staffing that includes entitlement, attached and additional staffing, in addition to entitlement staffing transfer, teacher specific time allowances and staffing for attached units under Boards of Trustees as determined in the Ministry staffing notice. It does not include teachers who may be employed above entitlement from a Board’s operations funding.
Principals’ Remuneration. A Principal’s core remuneration shall comprise the school roll-based salary component (U grade) specified in clause 3.1.1 and the staffing based salary component (supplementary) specified in clause 3.1.2, the decile payment or Equity Index payment (where applicable) in clause 3.1.3, the Area School Principal’s Payment in clause 3.8 and the Area School Principals’ Career Structure payment (where applicable) in clause 4.4.
3.1.1 The Principal’s salary shall be determined in accordance with the grade of the school (i.e. U1- U16): U1 $98,031 $103,913 $107,030 $118,003 U2 $98,031 $103,913 $107,030 $118,003 U3 $106,170 $112,540 $115,916 $118,003 U4 $114,489 $121,358 $124,999 $127,249 U5 $122,808 $130,176 $134,082 $136,495 U6 $127,564 $135,218 $139,274 $141,781 U7 $132,515 $140,466 $144,680 $147,284 U8 $137,468 $145,716 $150,088 $152,789 U9 $140,835 $149,285 $153,764 $156,531 U10 $144,201 $152,853 $157,439 $160,273 U11 $149,114 $158,061 $162,803 $165,733 U12 $154,028 $163,270 $168,168 $171,195 U13 $158,621 $168,138 $173,182 $176,300 U14 $163,216 $173,009 $178,199 $181,407 U15 $167,237 $177,271 $182,589 $185,876 U16 $171,260 $181,536 $186,982 $190,347
3.1.2 Staffing based salary component In addition to the school roll-based salary specified in 3.1.1, the Principal’s core remuneration shall include the staffing-based salary calculated according to the following formula: Total teacher staff (TTS) Formula ≤13 ($822*TTS)+$3,201 >13 ($162*TTS)+$12,231 The staffing funding component is based on total teacher staffing that includes entitlement, attached and additional staffing, in addition to entitlement staffing transfer, teacher specific time allowances and staffing for attached units under School Boards as determined in the Ministry | Te Tāhuhu staffing notice. It does not include teachers who may be employed above entitlement from a Board’s operations funding.
Principals’ Remuneration. A Principal’s core remuneration shall comprise the school roll-based salary component (U grade) specified in clause 3.1.1 and the staffing based salary component (supplementary) specified in clause 3.1.2, the decile payment or Equity Index payment (where applicable) in clause 3.1.3, the Area School Principal’s Payment in clause 3.8 and the Area School Principals’ Career Structure payment (where applicable) in clause 4.4.
3.1.1 The Principal’s salary shall be determined in accordance with the grade of the school (i.e. U1-U16): School roll based salary component (U-grades) U Grade Current ratesRates prior to 3 July 2023 Rate effective 3 July 2023 Rate effective 3 July 2024 Rate effective 2 December 2024 U1 $98,031 $103,913 $107,030 $118,003 U2 $98,031 $103,913 $107,030 $118,003 U3 $106,170 $112,540 $115,916 $118,003 U4 $114,489 $121,358 $124,999 $127,249 U5 $122,808 $130,176 $134,082 $136,495 U6 $127,564 $135,218 $139,274 $141,781 U7 $132,515 $140,466 $144,680 $147,284 U8 $137,468 $145,716 $150,088 $152,789 U9 $140,835 $149,285 $153,764 $156,531 U10 $144,201 $152,853 $157,439 $160,273 U11 $149,114 $158,061 $162,803 $165,733 U12 $154,028 $163,270 $168,168 $171,195 U13 $158,621 $168,138 $173,182 $176,300 U14 $163,216 $173,009 $178,199 $181,407 U15 $167,237 $177,271 $182,589 $185,876 U16 $171,260 $181,536 $186,982 $190,347 U Grade Roll size Rate effective 2 June 2018 Rate effective 20 August 2019 Rate effective 20 August 2020 Rate effective 20 August 2021 1 1-50 $82,109 $92,403 $95,175 $98,031 2 51-100 $89,712 ▇ ▇▇▇-▇▇▇ $97,161 $100,076 $103,078 $106,170 ▇ ▇▇▇-▇▇▇ $104,774 $107,917 $111,155 $114,489 ▇ ▇▇▇-▇▇▇ $112,387 $115,759 $119,231 $122,808 ▇ ▇▇▇-▇▇▇ $116,739 $120,241 $123,848 $127,564 ▇ ▇▇▇-▇▇▇ $121,270 $124,908 $128,655 $132,515 8 851-1025 $125,803 $129,577 $133,464 $137,468 ▇ ▇▇▇▇-▇▇▇▇ $128,884 $132,751 $136,733 $140,835 ▇▇ ▇▇▇▇-▇▇▇▇ $131,964 $135,923 $140,001 $144,201 ▇▇ ▇▇▇▇-▇▇▇▇ $136,460 $140,554 $144,770 $149,114 ▇▇ ▇▇▇▇-▇▇▇▇ $140,957 $145,186 $149,541 $154,028 ▇▇ ▇▇▇▇-▇▇▇▇ $145,161 $149,516 $154,001 $158,621 ▇▇ ▇▇▇▇-▇▇▇▇ $149,366 $153,847 $158,462 $163,216 ▇▇ ▇▇▇▇-▇▇▇▇ $153,046 $157,637 $162,367 $167,237 16 2401+ $156,727 $161,429 $166,272 $171,260
3.1.2 Staffing based salary component In addition to the school roll-based salary specified in 3.1.1, the Principal’s core remuneration shall include the staffing-based salary calculated according to the following formula: Total teacher staff (TTS) Rates effective 20 August 2021Formula ≤13 ($822*TTS)+$3,2...