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Hello jd,
Thanks for stopping by the forums. In answer to your question, each license is activated based on the digital fingerprint of the system itself. You should encounter no problems rebuilding the system and reinstalling the product (using your order confirmation or by looking up your order at http://findmyorder.com - this will provide you with a download for the product that is matched to your activation key). If this doesn't work or your can't find the paperwork, you can download the trial version of the product and populate the activation key field when prompted during the installation process.
Hope this helps. Please let us know if you have any problems or additional questions.
Matt