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Section 8.4 Principal Bonuses <br /> Creates 2 bonus programs for principals. <br /> I. Bonus Program 1 <br /> Awards bonuses to principals in schools that scores in the top 50% of statewide 2016-17 school <br /> growth scores according to the below chart. <br /> School's Schoolwide Growth Percentile Bonus for Principal <br /> 100 —95k"Percentile $5,000 <br /> 94th—90th Percentile $4,000 <br /> 89 '—85th Percentile $3,000 <br /> 84 '—80th Percentile $2,000 <br /> 79th—50th Percentile $1,000 <br /> II. Bonus Program 2 <br /> Makes principals in the same school for 2015-16 and 2016-17 eligible for a bonus as provided <br /> below. <br /> School Growth Performance 2015-16 2015-16 2015-16 2015-16 2015-16 <br /> School School School School School <br /> Grade= Grade= Grade= Grade= Grade= <br /> A B C D F <br /> Below Expected Growth in $5,000 $5,000 $5,000 $10,000 $10,000 <br /> 2015-16 Bonus Bonus Bonus Bonus Bonus <br /> Exceeded Expected Growth in <br /> 2016-17 <br /> Met Expected Growth in 2015- $5,000 $5,000 $5,000 $10,000 $10,000 <br /> 16 Bonus Bonus Bonus Bonus Bonus <br /> Exceeded Expected Growth in <br /> 2016-17 <br /> Exceeded Expected Growth in No Bonus No Bonus No Bonus No Bonus No Bonus <br /> 2015-16 <br /> Exceeded Expected Growth in <br /> 2016-17 <br /> Below Expected Growth in 2015- No Bonus No Bonus No Bonus No Bonus No Bonus <br /> 16 <br /> Met Expected Growth in 2016-17 <br /> No Improvement in Growth No Bonus No Bonus No Bonus No Bonus No Bonus <br /> Scores <br /> Allows an individual principal to receive both bonuses if they meet the criteria. Requires the <br /> principal to be employed on July 1, 2017, in order to get a bonus. <br /> Directs the bonuses to be paid out no later than October 31, 2017. <br /> 26 <br />