Nobel Prize, e.g. (5)
'nobel prize eg' is the definition.
(nobel prize is a kind of award)
This is the entire clue.
(Other definitions for award that I've seen before include "Oscar, say" , "Present - prize" , "Tony, for example" , "Grant - prize" , "Give, grant" .)
(Other definitions for honor that I've seen before include "-- Blackman, English actress" , "US honour" .)