Google has given $100 million in stock and options as an award to CEO Eric Schmidt, following his giving up the CEO role he has been filling in the last 10 years. The award would be given on the 2^nd of February and would vest over four years. Schmidt’s position will be filled in by Larry Page, Google founder, in April this year (see here for more analysis on Google’s current position as a company).

According to a press release from Google, Eric Schmidt will be assuming ‘the role of Executive Chairman, focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership–all of which are increasingly important given Google’s global reach. Internally, he will continue to act as an advisor to Larry and Sergey.’

Google founders Larry Page and Sergey Brin, along with Eric Schmidt have settled their salaries to $1 for years. As of the 31^st of December, Eric Schmidt held $9.2 million of Google’s shares, amounting to 2.9 percent of Google’s shares and 9.6 percent in voting power.

Google has recently reported the revenues for the last quarter of 2010, and it appears that the company does not rest on its laurels, but relentlessly gives its best. The $8.44 billion revenues represent an 26 percent increase compared to the last quarter of 2009. Over 67 percent of the 2010’s last quarter revenues come from Google-owned websites. Yet, the Q4 2010 revenues report is the first one released since the launch of Google Instant, a tool which changed more than a few things about Google search and its ad structure.