The phrase "program honors" refers to recognition or awards given to participants or students who have excelled in a particular program. It implies a special acknowledgment for their outstanding achievements or performance. Full definition
The independent business awards program honors companies and executives for their business success and is judged by industry analysts and members of the press. (nar.realtor)
The awards are the leading African recognition program honoring excellence in the private and public sector. (citifmonline.com)
Additionally, program honors staff members and volunteers for their excellent contributions. (midwayschooldistrict.org)