What does pilon stand for? Payment in lieu of notice (PILON) A contractual right to pay an employee a lump sum rather than require them to serve out their statutory or contractual notice period.What is a pilon fracture of the ankle? Pilon Fractures Ankle. Pilon fractures affect the bottom of the shinbone (tibia) at the ankle joint. In most cases, both bones in the lower leg, the tibia and fibula, are broken near the ankle. Pilon is a French word for pestle, an instrument used for crushing or pounding.What happens if there is no pilon clause in a contract? If there is no PILON clause then an employer who pays a PILON instead of requiring the employee to serve their notice period will be in breach of contract, and the PILON therefore represents damages for that breach. For more information, see Practice note, Notice of termination of employment: Payment in lieu of notice.What is the role of pion? Pion is a science-based company providing innovative technology, solutions, support and scientific expertise to the drug development industry. Pion empowers the pharmaceutical research community to use trusted data for the development of new and unique products that make a difference to people’s lives.