The Collaborative International Dictionary of English v.0.48:

laurels \lau"rels\, n. pl.
   An honor or honors conferred for some notable achievement.
   [PJC]

   to rest on one's laurels [fig.] to be content with one's
      past achievements and not strive to continue to excel; as,
      he didn't rest on his laurels after receiving the Nobel
      Prize, but went on to made even more significant
      discoveries.
      [PJC]

WordNet (r) 3.0 (2006):

laurels
    n 1: a tangible symbol signifying approval or distinction; "an
         award for bravery" [syn: award, accolade, honor,
         honour, laurels]
    2: the state of being honored [syn: honor, honour,
       laurels] [ant: dishonor, dishonour]

Moby Thesaurus II by Grady Ward, 1.0:

33 Moby Thesaurus words for "laurels":
   Old Mug, acclaim, acclamation, accolade, accomplishments, award,
   awards, badge, bays, celebrity, chaplet, civic crown, crown, cup,
   decoration, distinction, fame, garland, glory, honors, kudos,
   laurel, loving cup, palm, palms, popularity, pot, renown,
   reputation, successes, tributes, trophy, wreath