; (B) contain the names and signatures of the program participant and the sponsor; (C) meet the requirements of paragraph (2); and (D) be submitted to the registration agency in accordance with the registration requirements of the program sponsor. (2) Standards Each agreement under paragraph (1) shall contain, explicitly or by reference, program standards under subsection (b), including— (A) in the case of an apprenticeship program— (i) that is time-based, a statement of the number of hours to be spent by the program participant in on-the-job learning and on-the-job training in order to complete the program; (ii) that is competency-based, a description of the skill sets to be attained by completion of the program, including the on-the-job learning and work components; or (iii) that is a hybrid model, the minimum number of hours to be spent by the program participant in on-the-job learning and work components and in related instruction, and a description of the skill sets and competencies to be attained by completion of the program; (B) the number of hours and form of related instruction, including how related instruction will be compensated (whether through academic credit, wages, or both), the costs the program participant will incur costs for participating in the program (such as for equipment or related instruction), and the recognized postsecondary credentials the program participants will be eligible to receive upon program completion; (C) a schedule of the work processes in the occupation or industry divisions in which the program participant is to be trained and the approximate time to be spent at each process; (D) for apprenticeships or youth apprenticeships, the graduated wage scale to be paid to the apprentices, benefits offered to the apprentices, and how the wages and benefits compare to State, local, or regional wages in the related occupation