The Bhoys manager was found guilty of entering the 'playing zone' in the recent league defeat to Motherwell but the one-match ban has been suspended until the end of next season
Lennon picked up the suspension after entering the playing field while serving a three-match touchline ban last month against Motherwell in a 3-1 defeat in the SPL.
But the Northern Irishman will be able to take his place in the dugout for Sunday's clash with Hibs after the Scottish Football Association decided to suspend his punishment.
A statement on the Scottish Football Association's website said: "Mr Lennon was found in breach, with a one-match suspension applied.
"The tribunal suspended the sanction until the end of season 2013-14 and to take effect in the event that Mr Lennon is found in breach of rule 205 within that period."
Lennon was already serving a ban when he directed abusive language towards St Mirren captain Jim Goodwin.
The 41-year-old previously revealed how he was called into the match officials' room following the loss to Motherwell after his latest misdemeanour.