Aritual, in which the tone may be solemn or humorous, that expresses honor or goodwill to a person, group, institution, or event, is a type of special occasion speech known as a

Toast

Explanation:

A toast can be described as a type of a brief speech made in order to congratulate, appreciate and remember an individual or his/her contribution. It is also referred to as a ritual where one may express goodwill or honor to an individual, institution, group or event. The tone through which it is conveyed is mostly humorous or solemn.