Could you please explain this SQL statement to me?

CREATE PROC AddEmp(@mgrid int, @empid int, @e_name varchar(20), @title varchar(20)) 
AS 
BEGIN
   DECLARE @mOrgNode hierarchyid, @lc hierarchyid
   SELECT @mOrgNode = OrgNode 
   FROM HumanResources.EmployeeOrg 
   WHERE EmployeeID = @mgrid
   SET TRANSACTION ISOLATION LEVEL SERIALIZABLE
   BEGIN TRANSACTION
      SELECT @lc = max(OrgNode) 
      FROM HumanResources.EmployeeOrg 
      WHERE OrgNode.GetAncestor(1) =@mOrgNode ;

      INSERT HumanResources.EmployeeOrg (OrgNode, EmployeeID, EmpName, Title)
      VALUES(@mOrgNode.GetDescendant(@lc, NULL), @empid, @e_name, @title)
   COMMIT
END ;
GO