Complex sentence: A person can only become a Paladin when he or she is granted the status by another Paladin, in the form of a simple speech and the handing down of the sponsoring Paladin's sword.
Split into simpler sentences: A person can only become a Paladin when he or she is granted the status by another Paladin. This usually occurs in the form of a speech and the handing down of the sponsoring Paladin's sword.