It will be presented annually. The prize was established in 1985 by friends of W. K. H. Panofsky and the Division of Particles and Fields. Nominations are open to scientists of all nations regardless of the geographical site at which the work was accomplished. The prize shall ordinarily be awarded to one person but the prize may be shared when all recipients have contributed to the same accomplishment. The prize will normally be awarded for contributions made at an early stage of the recipient s career.
Nominations are active for three years.