Senior executives have a special employment relationship with their employer that is governed by the specific provisions of Royal Decree 1382/1985, of August 1, 1985, which regulates the special employment relationship of senior management executives.
As stated in the regulation’s preamble, the nature of this relationship is characterized by the mutual trust that must exist between the two parties, arising from the unique position that the senior executive accepts within the company in terms of powers, authority, and responsibilities.
This is why the main element that shapes the content of this specific relationship is the idea of agreement; nonetheless, the regulation has made a point of defining the causes and effects of terminating this type of contract.