; (II) pay less than the greater of the applicable Federal, State, or local minimum wage; and (III) employ the eligible youth for less than 20 hours per week. (ii) Employer share of wages A year-round employment program receiving funding under this section shall require not less than 25 percent of the wages of each eligible youth participating in the program to be paid by the employer, except this requirement may be waived for not more than 10 percent of eligible youth participating in the program that have a significant barrier to employment as defined by the local board of the local area carrying out the program. (iii) Youth participant eligibility An individual, to be eligible to participate in a year-round employment program under this section for a program year, shall, at the time the eligibility determination is made, be an out-of-school youth or an in-school youth. (B) Program elements A year-round program receiving funding under this section shall include— (i) work-readiness training and educational programs for eligible youth to enhance their year-round employment opportunity; (ii) coaching and mentoring services for eligible youth participating in the program to enhance their year-round employment opportunity and encourage completion of such opportunity through the program; (iii) coaching and mentoring services for employers on how to successfully employ each eligible youth participating in the program in meaningful work; (iv) career and college planning services for eligible youth participating in the program; (v) high-quality financial literacy education for eligible youth participating in the program, including education on the use of credit and financing higher education, and access to safe and affordable banking accounts with consumer protections; (vi) providing supportive services to eligible youth, or connecting such youth to supportive services provided by another entity, to enable participation in the program