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SNG or Sit and Go tournaments are a special kind of tournament that start when a pre-defined number of players have registered, instead of starting at a predefined time. Most of those SNGs allow 6 or ten players, although some rooms also offer multi-table Sit and Gos.
SNGs with 6-player tables normally have a payout structure where the first two players get paid, mostly two third of the total goes to the winner, one third to the runner-up.
At a table of ten players, the first three normally get a payout (50/30/20%). Sometimes you will also find variations where the winner takes all, or half of the players will get twice their buyin.