The award will be for "Notable Achievement in Naval Architecture and/or Marine Engineering." The title will be "The David W. Taylor Medal." The medal will be made of gold-plated bronze approximately 2 1/2 inches (6.25 cm) in diameter, one side to show likeness of Admiral Taylor, the other side to show an inscription of award. Eligibility for the medal need not be limited to membership in the Society. The proposal for 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 and final award by the Council will require a two-thirds vote of the Committee and of the Council. Notification of the award will be made prior to the Annual Meeting and the medal will be presented with suitable ceremonies at the Annual Meeting or at such time as the President of the Society may arrange. The medal may be awarded annually but not more often.