A prize will be 'awarded' to the student who sells the most tickets.
an 'awards' ceremony [=a ceremony at which awards are given out]
The company is 'awarding' the contract to the lowest bidder.
(..) You all know Joey Zasa. He is, I admit, an important man. His picture is on the cover of the New York Times magazine. He gets the Esquire Magazine award for the best-dressed gangster. The newspapers praise him because he hires Blacks, which shows he has a good heart. He is famous. It's true. (..)1990 The Godfather Part III