An employer that is organized for profit purposes is eligible to employ students through the MWS program if the employer meets all of the following requirements:

  (a) Enters into a signed agreement with an eligible postsecondary school to provide employment that is determined by the school to be academically relevant for students recommended by the school.

  (b) Provides at least 50% of the wages earned by the MWS students.

  (c) Does not use MWS students to displace employed workers.

  (d) Does not employ MWS students to construct, operate, or maintain a facility used, or to be used solely, for sectarian instruction or as a place for religious worship.

  (e) Does not pay MWS students a wage that is less than the federal minimum wage.