Indian-American Sundar Pichai who took over the reins as chief executive of Google parent Alphabet will receive US Dollar 240 million in stock awards over the next three years. These earnings are in addition to US Dollar 2 million, Pichai’s annual salary beginning in 2020. Pichai took over the charge after Google co-founders Larry Page and Sergey Brin announced that they are stepping down from the leadership role of the parent company Alphabet.Bestowing performance-based stock awards for the first time, the company will grant Pichai additional US Dollar 90 million in stock grants. This depends if Alphabet shares outperform the S&P 100 Index.With Alphabet now well-established, and Google and 'Other Bets' operating effectively as independent companies, it's the natural time to simplify our management structure, wrote the two Google co-founders.Pichai, 47, was named to the top job this month after Google co-founders Larry Page and Sergey Brin stepped down as leaders of the Mountain View, California-based firm.Pichai is no stranger to massive compensation. The engineer received about $200 million in stock awards in 2016, which have since vested. Last year, he turned down a grant of restricted stock because he said he felt he was already paid generously, according to a person familiar with the decision.His total compensation for 2018 was $1.9 million, according to the Bloomberg Pay Index.