Encomium (noun)

1. A formal expression of praise; a tribute.
2. A formal expression of high praise, especially a tribute spoken or written in honor of someone.

Origin:

From latin encomium, from greek enkōmion, from en- + kōmos "banquet".

Examples:

1. He received an encomium for his work on the project.
2. The encomium was a well-deserved tribute to his career.
3. The encomium was a fitting farewell to a respected leader.
4. He wrote an encomium for his friend.
5. The encomium was a highlight of the ceremony.