Each award involves a tuition/fee remission and a $1000 stipend.
( ( Each award ) ( ( involves ( ( ( ( a ( tuition/fee remission ) ) and ) ( a ( $ 1000 ) ) ) stipend ) ) . ) )
(ROOT (S (NP (DT Each) (NN award)) (VP (VBZ involves) (SBAR (S (NP (NP (DT a) (JJ tuition/fee) (NN remission)) (CC and) (NP (DT a) ($ $) (CD 1000))) (VP (VBD stipend))))) (. .)))
Each award involves a moldy piece of hard candy and a cigarette butt. 
( ( Each award ) ( ( involves ( ( a ( moldy piece ) ) ( of ( ( ( hard candy ) and ) ( a ( cigarette butt ) ) ) ) ) ) . ) )
(ROOT (S (NP (DT Each) (NN award)) (VP (VBZ involves) (NP (NP (DT a) (ADJP (JJ moldy)) (NN piece)) (PP (IN of) (NP (NP (JJ hard) (NN candy)) (CC and) (NP (DT a) (NN cigarette) (NN butt)))))) (. .)))