The Larian Vault FAQ says there are 3 activations allowed before you would need to contact customer support for more, with an automatic revoke when the game is uninstalled (so re-installing the game wouldn't use up an activation).
That answers a few things, thanks...
...But what brand are they using for DRM for Larian Vault version?
Securom?
Tages?
Unilock?
Other?
Or is Larian using their own home-brew?