The award will be for "Outstanding Service and Contribution in the Development of Systems and Planning Applying to Shipbuilding and Ship Repair." The title will be "The William M. Kennedy Award." The award consists of a certificate suitably framed plus one thousand dollars. Eligibility for the award need not be limited to membership in the Society. The proposal for this award may be made by a member of the Society in good standing. The selection of the nominee for the award shall be made by the Awards Committee of the Society. The nomination by the Committee will require approval by the Executive Committee. Announcement and presentation of the award will be made at the Ship Production Symposium or at such time as the President of the Society may arrange. The award may be made annually but not more often.