It has a pickup holder that has a sticky side that sticks to the guitar. You clip the pickup into that so the basic pickup slides in and out. They're are 4 or 5 of these of different heights so you can get it as close as possible to the strings, then there is a micro adjustment on the P/U itself for final adjustments.
I think the adhesive used isn't supposed to harm the finish. I didn't have to worry about that though because in my case it was a Tele so it affixes to the chrome piece.
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