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Student Awards may be made to University of Kentucky students for the purpose of recognizing and stimulating social, cultural and intellectual development. Policy and procedures for establishing student award programs are found in the Business Procedures Manual, Section E-7-11, Establishment of Student Recognition Awards and Prizes while directions for making payments to students are located in Section E-7-14, Student Payments. (See Approved Student Awards for a listing of approved awards and codes.)

Employee Awards may be made to University of Kentucky faculty and staff for the purpose of recognizing outstanding performance and stimulating professional development. Policy and procedures for establishing employee award programs are found in the Business Procedures Manual, Section E-7-12 Employee Awards (See the Approved Employee Awards for a listing of approved awards and codes.).