"The Origin-of-Life Prize" ® (hereafter called "the Prize") will be awarded for proposing a highly plausible mechanism for the spontaneous rise of genetic instructions in nature sufficient to give rise to life. To win, the explanation must be consistent with empirical biochemical, kinetic, and thermodynamic concepts as further delineated herein, and be published in a well-respected, peer-reviewed science journal(s).

The one-time Prize will be paid to the winner(s) as a twenty-year annuity in hopes of discouraging theorists' immediate retirement from productive careers. The dismal world financial market of the last three years has taken a heavy toll on Foundation investment assets. As of June 15th, 2003, The annuity consists of $50,000.00 (U.S.) per year for twenty consecutive years, totalling one million dollars in payments.

The ability of the Foundation to underwrite these payments and to administer the Project is monitored by the well-known accounting firm of Young, Brophy and Company, Certified Public Accountants.

Formal application by submitters is required to win. Submitters must expressly consent to abide by all terms and conditions of the Prize before judging of their paper(s) can begin.

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