Red Caret - screwing up live templates

So If I want to use my live templates for example:

lab:

<label for="$name$">$labeltext$
$args$
</label>

after my first tab after typing "lab" it immediately puts the damn red carets around the $name$.
As I enter my name variable and go further to $labeltext$ its still there and then when I finished the label text for example "Please enter your name here" and press "tab" this happens...:

<label for="myname">Please enter your name <here></here>

</label>

This is so annoying and I can't find any place to deactivate or fix this.