winforms TextBox Adding a Placeholder to textbox

Example

This code places the hint text at form load and manipulates it as follows:

C#

private void Form_load(object sender, EventArgs e)
{
    textBox.Text = "Place Holder text...";
}

private void textBox_Enter(object sender, EventArgs e)
{
    if(textBox.Text == "Place Holder text...")
    {
        textBox.Text = "";
    }
}

private void textBox_Leave(object sender, EventArgs e)
{
    if(textBox.Text.Trim() == "")
    {
        textBox.Text = "Place Holder text...";
    }
}

VB.NET

Private Sub Form_Load(sender As Object, e As EventArgs) Handles MyBase.Load
    textBox.Text = "Place Holder text..."
End Sub

Private Sub textBox_GotFocus(sender as Object,e as EventArgs) Handles textBox.GotFocus
    if Trim(textBox.Text) = "Place Holder text..." Then
        textBox.Text = ""
    End If
End Sub

Private Sub textBox_LostFocus(sender as Object,e as EventArgs) Handles textBox.LostFocus
    if Trim(textBox.Text) = "" Then
        textBox.Text = "Place Holder text..."
    End If
End Sub