The Collaborative International Dictionary of English v.0.48:

Award \A*ward"\, v. t. [imp. & p. p. Awarded; p. pr. & vb. n.
   Awarding.] [OF. eswarder to look at, consider, decide,
   judge; es (L. ex) + warder, garder, to observe, take heed,
   keep, fr. OHG. wart[=e]n to watch, guard. See Ward.]
   To give by sentence or judicial determination; to assign or
   apportion, after careful regard to the nature of the case; to
   adjudge; as, the arbitrators awarded damages to the
   complainant.
   [1913 Webster]

         To review
         The wrongful sentence, and award a new.  --Dryden.
   [1913 Webster]

WordNet (r) 3.0 (2006):

awarding
    n 1: a grant made by a law court; "he criticized the awarding of
         compensation by the court" [syn: award, awarding]