; and (F) develop competency-based education programs that offer an outcome-oriented approach through which recognized postsecondary credentials are awarded based on successful demonstration of skills and proficiency. (4) The development and implementation of— (A) a Pay-for-Performance program that leads to a recognized postsecondary credential, for which an eligible entity agrees to be reimbursed under the grant primarily on the basis of achievement of specified performance outcomes and criteria agreed to by the Secretary; or (B) a Pay-for-Success program that leads to a recognized postsecondary credential, for which an eligible entity— (i) enters into a partnership with an investor, such as a philanthropic organization that provides funding for a specific project to address a clear and measurable educational or career training need in the area to be served under the grant; and (ii) agrees to be reimbursed under the grant only if the project achieves specified performance outcomes and criteria agreed to by the Secretary. (g) Performance measures (1) In general The Secretary shall establish performance measures for the programs carried out under this section. (2) Measures The performance measures shall consist of— (A) indicators of performance, including the number of program participants who are in unsubsidized employment during the second quarter after exit from the program