Legal Definitions - optionee

Definition: An optionee is a person who receives an option from someone else. They are also known as option-holders.

Example: John received an option from his employer to purchase company stock at a discounted price. He is now an optionee.

Explanation: In this example, John is the optionee because he received an option from his employer. The option gives him the right to purchase company stock at a discounted price, and he can choose to exercise this option or not.

Example: Mary received an option from her landlord to renew her lease for another year at the same rent. She is now an optionee.

Explanation: In this example, Mary is the optionee because she received an option from her landlord. The option gives her the right to renew her lease for another year at the same rent, and she can choose to exercise this option or not.