Pearce told the News of the World: "If they decide they don't want me, I will leave the club.
"I am here for the long haul and want to be successful, but if things don't work out, I will go.
"I'm working with the same six-month contract I had as a coach, which hasn't been signed - that means I haven't got a contract."The reason for that is I have been working for the past year-and-a-half to actively get involved in management.
"To sit on a two or three-year contract would have been folly for me and the club."