You sure? I interpret the "there’s more" at the beginning of the paragraph and the "also" in the part you quoted as meaning they're replacing the equity with a

You sure? I interpret the "there’s more" at the beginning of the paragraph and the "also" in the part you quoted as meaning they're replacing the equity with a base salary raise in addition to the 10% raise. But we should probably wait for a confirmation from someone who actually works at Google. :)