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To grant Netscape Communications Corporation a non-exclusive, royalty-free license to use, publish, copy, edit, modify, or create derivative works from my submission.
ODP treats that as a suggestion of a site to list.
If the site is listed, any or all of those items may be different to your suggestion:
That data set will then be published on the ODP. The various hundreds of ODP licensees will (eventually) pick up and republish a copy of that.
Exactly the same may happen even if you (or someone else) never submitted the URL suggestion. Most sites added to the ODP do not come from the externally suggested URLs.
ODP is not claiming any rights over your site. Simply the freedom to categorize and describe it according to their guidelines.