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Abstract The silylium‐like surface species [ⁱPr₃Si][(R^FO)₃Al−OSi≡)] activates (N^N)Pd(CH₃)Cl (N^N=Ar−N=CMeMeC=N−Ar, Ar=2,6‐bis(diphenylmethyl)‐4‐methylbenzene) by chloride ion abstraction to form [(N^N)Pd−CH₃][(R^FO)₃Al−OSi≡)] (1). A combination of FTIR, solid‐state NMR spectroscopy, and reactions with CO or vinyl chloride establish that1shows similar reactivity patterns as (N^N)Pd(CH₃)Cl activated with Na[B(Ar^F)₄]. Multinuclear¹³C{²⁷Al} RESPDOR and¹H{¹⁹F} S‐REDOR experiments are consistent with a weakly coordinated ion‐pair between (N^N)Pd−CH₃⁺and [(R^FO)₃Al−OSi≡)].1catalyzes the polymerization of ethylene with similar activities as [(N^N)Pd−CH₃]⁺in solution and incorporates up to 0.4 % methyl acrylate in copolymerization reactions.1produces polymers with significantly higher molecular weight than the solution catalyst, and generates the highest molecular weight polymers currently reported in copolymerization reactions of ethylene and methylacrylate.