No Activation 

It is possible to create a macro and not assign any activation key to the macro. There are two primary uses for the No Activation option. First, create generic macro templates that can be incorporated into other macros - a set of instructions useful for insertion into several other macros. The Macro Run command allows for inserting No Activation macros into other macro scripts.

A second use for this option is to place the macro in a popup or floating menu. A macro activation is not necessary if the macro is part of a popup or floating menu. The only way to invoke the macro would be through the menus.

Macro Nickname

Optionally assign a name to the macro to later more readily help determine what the macro does.

Build as a Popup Menu

Select this option and click on the OK button to open the Menu Builder and create a popup menu.