Since it's unchecked whatever it is it won't run. The file location and name of the file is cut off by the screen capture. Whatever it is, it looks like a what a malware/virus toolbar entry would look like. Can't say for sure. There is a way to rip it from the registry, but it will take some steps to do it. It's safe to ignore it as Chris said, cause it's disabled anyways.
Oh and since you have Google Drive you shoudln't disable Google Updater. Sometimes they push fixes and security patches that way and you don't want to miss out on that.