To add new custom award types: 

• Go to the class page
• Click Settings icon (Wheel) in the top right corner
• Click Edit Settings
• Click the Behavior tab 
• Click Edit Award Types
• Scroll down to the bottom and click Create New
• You can change the sticker by clicking Choose Award Sticker 
• Enter AwardName
• Enter Points
• Click Save

Additional Resources:

• How to customize existing Award types?
• How to delete an Award Type?
• Adding, Editing, and Deleting Flags in Behavior in a Classroom