Volume Licensing For Multiple Computers + Users

I need to know how many licenses I would need for 25 people working in a design firm. I know that purchasing a physical copy means it can be used on two computers, but not a the same time.
Would you need one of these licenses:
http://volumelicensing.adobe.com/DRHM/servlet/ControllerServlet?Action=DisplayProductDetai lsPage&SiteID=adbevlus&Locale=en_US&ThemeID=1252500&Env=BASE&productID=108113400
for one designer? So would you need to purchase 25 individual licenses?
Thanks

Oh additionally, if a new version of it came out (CS5) would the licenses from the previous versions still apply, or would they have to be re-purchased.

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