The 51-year-old met the sportswear magnate with managing director Derek Llambias on Wednesday to review a desperately disappointing season and discuss the way forward.
However, Press Association Sport understands that despite a year of drastic underachievement for a club which had finished fifth 12 months earlier, Pardew's position as manager was never on the agenda amid fevered speculation that he could lose his job.
That said, Pardew will be expected to improve significantly on last season's 16th-place finish if he is to justify the faith placed in him when he was handed an eight-year contract in September last year.
Llambias said: "Everyone connected with the club was disappointed to finish where we did last season, particularly on the back of such a fantastic year prior to that.
"Our discussions on Wednesday were very constructive and we pinpointed a number of factors that contributed to a season which fell below expectations.
"We are now looking forward and are entirely focused on the forthcoming campaign, with the expectation of at least a top-10 finish in the Premier League.
"There has been a great deal of speculation in recent weeks but our desire, as we announced back in September, is to bring long-term stability to this club.
"It's up to us all now to work closely as a team to ensure next season sees us competing in the top half of the table again.We would all like to thank the fans for their continued support and assure them we remain committed to providing affordable football at St James' Park."
- Sports & Recreation
- Derek Llambias