What is the name of the annual award ceremony created by Michael Scott?

The annual award ceremony created and hosted by Michael Scott is called The Dundies. Michael presents the awards to employees from the Scranton branch, usually combining sincere affection with jokes that embarrass or insult the recipients.

The ceremony is the focus of the season-two premiere, also titled “The Dundies.” Michael holds the event at a local Chili's, where he acts as master of ceremonies and hands out awards such as “Hottest in the Office” and “Whitest Sneakers.” His presentation initially goes badly, and several employees leave or become uncomfortable. Pam Beesly's drunken encouragement eventually convinces Michael to continue.

The Dundies are more than a one-time party: the show refers to them as Michael's annual office awards. They recur throughout the series, including “Michael's Last Dundies,” when Michael prepares to leave Scranton. The Dundies can be confused with “The Office Olympics,” another Michael-organized workplace event, but the Olympics are a separate competition rather than an awards ceremony.