Award — ridicule also (6)
I believe the answer is:
riband
'award' is the definition.
(riband means ribbon)
'ridicule also' is the wordplay.
'ridicule' becomes 'rib' (synonyms).
'also' becomes 'and' (both can mean in addition).
'rib'+'and'='RIBAND'
(Other definitions for riband that I've seen before include "strip of fabric" , "Strip of material" , "Four across - is trophy for fastest Atlantic sea crossing" , "decorative strip" .)