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Opinions on this brand?

Please evaluate this initial offer for Apple ICT3. I think I was low balled, but I want to take more opinions. Currently Sr. MTS at VMware, received Apple ICT3. I was expecting to get to ICT4 but seems like team thinks upper end of ICT3 is more apt. Also, I think it is because I don’t have any counter offers yet.
Received offer
Base: 185k
Sign on: 40k
RSU: 160k/4 years (Here is where I think it is low)
Location: Cupertino,CA
Current TC
229k
YOE: 3.5 years US / 6.5 overall(similar roles)
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Do not join Wipro.
1. They have less projects
2. You have to find project on your own.
3. If you failed to find project within 45 days then LOP will start.
4. If you resign during this LOP time then you have to serve whole 90 days NP WITHOUT PAY.!
5. If you want to get released early the pay them amount according to your monthly salary otherwise stay there without pay.
6. 90 days NP starts from day 1, there is no probation period.
I have read the policy and this is what they have mentioned.
After 45 days, LOP time will start, this duration will be for 90 days means no pay for these 90 days then if you resign in this duration then again you have to serve NP for 90 days.
Let's say you spend 30 days in LOP and now you resign then additionally you have to spend the NP of 90 days, no matter if you have spent 30 already.