The IPL Fair play awards are the awards presented to the teams to encourage the players,playing the IPL, to play with the right spirit. Players often tend to be aggresive and would also sometimes go to any extent to get their way with the umpires. To discourage this attitude of the players and build the comradarie between the players of different teams, this intiative was introduced in IPL. The umpires rate the team after the match. They can give maximum of ten points.
Quote from wikipedia on how points are awarded.
A team can be awarded a total of ten points per match, out of which
four points are given on the basis of how the team has adhered to the
"spirit of the game" in the opinion of the umpires. The other three
criteria are based on the respect towards to the opposition, the laws
of cricket and the umpires.
By the looks of it, it is obvious that it is purely dependent on the umpires.
I do not think it is awarded in any other tournaments or sports.