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Schmidt gets $100m in Google stock on top of his $6m bonus

Choc Factory chair scores second big stock award in three years

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Google chair Eric Schmidt has gotten his second $100m dose of restricted stock units in less than three years.

The Chocolate Factory said in a filing with the Securities and Exchange Commission that Schmidt was getting the stock award along with a $6m cash bonus for the year next week.

The firm said the sizeable package was "in recognition of his contributions to Google's performance in fiscal year 2013". The restricted stock units will vest over four years from May 2015.

The stock award is the second big share in the firm Schmidt has got since he stepped down as CEO in favour of Larry Page in 2011. That year, his salary went from a dollar a year to $1.25m and he got $100m in stock and options to be vested over four years.

The company said at the time that the new salary package was based on the market's going rate for an executive chairman and "in recognition of his past service as CEO". ®

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