An allowance will be provided for travel expenses of the recipient to the Society meeting at which the prize is presented. It will be awarded in odd-numbered years. The prize was endowed in 1989 by family, friends, and colleagues of I. I. Rabi . Nominations are open to scientists of all nationalities regardless of the geographical location at which the work was done. The prize shall ordinarily be awarded to one person but may be shared when all recipients have contributed to the same accomplishment.
Nominations are active for three years.
The I.I. Rabi Prize in Atomic, Molecular and Optical Physics is not presented in 2002.