The phrase "highest award" means receiving the most prestigious or valuable recognition for achieving excellence or success in a particular field. Full definition
They became legal entrepreneurs, identifying creative ways to produce higher awards for their clients in the courts and line their own pockets in the process. (legalblogwatch.typepad.com)
Although some programs have high award costs, bear in mind these programs may also award more points. (travelcodex.com)
The changes are mostly negative, including higher award ticket prices and no more 15 % online booking discount. (millionmilesecrets.com)