The crunch talks took place at the club's training ground on Monday, and Pardew has been given job security for another week at least.
The 'Baggies' are almost certain to be relegated and internally it is believed the club is already preparing for life in the Championship.
Pardew has enjoyed a torrid time at the Hawthorns, winning only one game since he was appointed in November. His time at the helm has also seen four senior players having to publicly apologise after an incident with a taxi in Barcelona.
Recently there have been reports of player unrest as many, including Chris Brunt, have questioned Pardew's tactics. One of the main reasons Pardew has been able to stay this long is the lack of available managers with proven Premier League experience.