; and (B) the amount that is 25 percent of the amount of wages provided by the employer to any covered employees or covered former employees during such period. (4) Salary limitation The amount of wages (excluding any benefits) provided by an employer to any covered employee or covered former employee of the employer which may be taken into account to determine a grant amount under this subsection shall not exceed $90,000 in annual salary (excluding any benefits) per employee. (5) Regulations The Secretary may promulgate regulations on the formula for determining grant amounts pursuant to this subsection. (e) Condition on acceptance of funds Before accepting grant funds awarded under the Program, an employer shall enter into an agreement with the Secretary, or otherwise certify, as determined appropriate by the Secretary, that the employer shall comply with each condition required under this section and sections 3 and 4. (f) Use of funds Grant funds awarded under the Program may only be used as follows: (1) Grant funds in amounts determined under paragraphs (1)(A), (2)(A), or (3)(A) of subsection (d) may be used to pay any covered employees or covered former employees the amount of wages (subject to the salary limitation in subsection (d)(4)) provided by the employer to such employees— (A) for an employer that is not a new employer, during the corresponding 2019 period (adjusted, in the case of amounts determined under paragraphs (1)(A) or (2)(A), for the percentage of experienced or anticipated loss of revenue attested to in subsection (c))