“At-will” is legal term which indicates your employment is at the will of the company and can be terminated for any reason (except illegal ones) or none at all.  This concept will depend on the law of the state in which you are employed.  
 
More importantly, “at-will” means you can pack up and go at any time. Although the company will stop paying you from that minute forward, you can pack up you lunch box and go home. You are not required to provide a 2-week notice, etc.

COMPANY POLICIES AND DOCUMENTS ARE KEY
Many firms will make you sign an “employment at-will” policy. They will also make you sign you received the company policies and they are to be followed. Company policies are two way street.  Both you and the company have to abide by them. You can cry foul if they do not.

For instance, you are being terminated for “poor performance.” But, upon review of the company policies you discover to be terminated for “poor performance” there is a specific and detailed process the company needs to follow, and they didn’t. Although you are employed “at-will,” you and the company are also held to the company policies.

POWER NOTE: NEVER RESIGN
This takes away unemployment benefits.

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