The phrase "to hold the award" means to possess or have the award in your possession. It suggests that you are currently the recipient or owner of the award.
Sentences with «to hold the award»
The nice part about booking with American miles is that they will hold your award ticket for up to 5 days. (upgradedpoints.com)
The feeding range from brother max includes a complete easy to hold award winning range that will help your baby learn to feed by themselves. (littleangels.ie)