The ceremony - held by Classic Rock Magazine and hosted by Alice Cooper - will take place on Wednesday 10 November at London's Roundhouse venue.
The nominations for Best New Band see a range of emerging talent battling it out, including The Union - a brand new classic rock act fronted by former Thunder guitarist Luke Morley and ex-Winterville vocalist-and-guitarist Peter Shoulder - and the blues-influenced New Yorkers Alberta Cross.
Other gongs to be handed out on the night will include the Classic Rock Living Legend, Classic Songwriter, Tommy Vance Inspiration Award, Outstanding Contribution, Classic Album, Metal Guru and VIP Award.
Classic Rock Editor-in-Chief Scott Rowley said: "Capping off a year that saw Classic Rock explore exciting new formats with the release of the Slash album, the launch of our own festival with partners MAMA Group called High Voltage, and the continued success of the magazine as well as our sister magazine Prog, this year's move to the Roundhouse - with the Right Reverend Alice Cooper as ringmaster - shows Classic Rock's commitment to aiming high and doing things differently."
Classic Rock Roll Of Honour 2010 - full list of nominations:
Best New Band:
Urban Voodoo Machine
Album Of The Year:
CHEAP TRICK - 'The Latest'
Bigelf - 'Cheat The Gallows'
Slash - 'Slash'
Kiss - 'Sonic Boom'
Wolfmother - 'Cosmic Egg'
Iron Maiden - 'The Final Frontier'
Pearl Jam - 'Backspacer'
Alice In Chains - 'Black Gives Way To Blue'
Lynyrd Skynyrd - 'God & Guns'
Gaslight Anthem - 'American Slang'
Europe - 'Last Look At Eden'
Ratt - 'Infestation'
Foreigner - 'Can't Slow Down'
Black Crowes - 'Before The Frost.'
Steve Hackett - 'Out Of The Tunnel's Mouth'
Band Of The Year:
Rage Against The Machine
Slash & Friends
Jeff Beck Band
Event Of The Year:
Mott The Hoople Reunion
Rage Against The Machine get to No.1 and play free Finsbury Park show
The Stooges Reunion
Journey's 'Don't Stop Believing' goes Top 10
Reissue Of The Year:
Rolling Stones - 'Exile On Main St'
Judas Priest - 'British Steel'
The Beatles - 'Reissues'
Black Sabbath - 'The Dio Years'
AC/DC - 'Backtracks'
Jimi Hendrix - 'Reissues'
Nazareth - 'Reissues'
King Crimson - 'In The Court Of The Crimson King'
Where the Action Is: 'La Nuggets 1965-1968'
David Bowie - 'Station To Station'
DVD/Film Of The Year:
'Oil City Confidential'
'Rush: Beyond The Lighted Stage'
'Saxon: Heavy Metal Thunder'
'The Doors: When You're Strange'