7. Where the Commission consents to pay a subsidy, an agreement shall be made and signed by the employer or his representative and the representative of the Commission.
The agreement shall contain the following:
(1) the amount and term of the subsidy;
(2) the frequency of subsidy payments;
(3) the program to be carried out by the employer;
(4) the dates the program begins and ends; and
(5) any other condition.