Eddie Murphy will receive the Hollywood Career Achievement Award at the Hollywood Film Awards next month.
The 'Nutty Professor' star will receive the accolade in recognition of his "spectacular" career at the ceremony, which takes place at the Beverly Hilton Hotel on November 6.
Allen Shapiro, CEO of Dick Clark Productions, said: "Eddie Murphy has had a spectacular career as a comedian, actor, writer, producer and director, spanning more than 35 years.
"We look forward to honoring his extraordinary body of work."
Past recipients of the accolade include Harrison Ford, Richard Gere, the late Robin Williams, Glenn Close, Dustin Hoffman, Michael Keaton and Robert De Niro.
The 'Mr. Church' actor recently admitted he is convinced he'll win an Oscar one day.
Eddie, 55, said: "I have a table all ready where it would look great. I'll wait because I'm pretty healthy, I'm gonna be around for a while and if I don't get it then eventually, when I'm 90 - what's the one they give you just because you've been in the business so long? Eventually they're gonna have to give me that.
"I already did 35 years in movies, eventually y'all gonna have to give me something. And if y'all wait til I'm 85, 90, I'm gonna come out a 90-year-old dude, in a sky-blue tuxedo - there's a reason why it's sky blue - and I'm gonna walk out and when they give me the award and they hand it to me, I'm just gonna stand there and urinate on myself in front of the world - the whole world - and just stand there. And then they're gonna have to play that music and then they'll have to usher me off. That's gonna be my moment. Don't make me wait!"