(1) A high-quality work-based learning opportunity features a partnership between employers and schools or other educational providers to provide students with structured learning both in the classroom and at the employer's job site. It must include the following:

(a) learning partnership agreement;

(b) paid wages;

(c) at the start of the student's employment, a minimum of two hours of safety instruction through a safety training program that is specific to the student's employment;

(d) compliance with all federal, state, and local laws and regulations relating to the student's employment; and

(e) academic credit.