Change Kendo Palette Colors Dynamically?

I am trying to add colors to my color palette array but I cannot see the new colors until I make a new palette. Is there a way to get rid of the old palette and replace it with a new one...or just dynamically change its colors?

Documentation: http://docs.telerik.com/kendo-ui/api/javascript/ui/colorpicker

Code:

 elem.find('.k-content').kendoColorPalette({
                palette: userPalette, // variable with hex colors that should be appended
                columns: 8,
                accesskey: 'g',
                tileSize: {
                    width: 35,
                    height: 35
                },
                change: // set color