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 are unbelievable. - Oh, no! Did they rope you into this? - Nobody roped me into anything! - I'm so sorry. - But they told me that if I presented you with an award, you'd be deeply honored. Of course I'd be deeply honored. And it's you, that's great. - So when do we do it? - It's right here. (..)2008 Iron Man