An award is something given to a person or group of people to recognize excellence in a certain field. Awards are often signified by trophies, certificates, plaques, medals, badges, pins or ribbons. An award can simply be the public acknowledgment of excellence.
One common type of award in the United States is the employee of the month award, in which typically the recipients' names are listed in a prominent place in the business for that month.
A special presidential citation (as practiced by the office of the President of the USA) is a public announcement by the president giving an official place of honor (e.g. President Ronald Reagan gave a special presidential citation in 1984 to the Disney Channel for its excellent children's television programming).
Examples: