Well, I doubt that "vsvlx" feature was original part of the CodeWarrior license. According to the error message the feature requires different daemon named "vsflex" to run. CodeWarrior uses daemon "metrowks".
It seems that this feature was added to license.dat file afterwards.
Since this feature is not correctly accepted by the licensing server you can comment it out and it shouldn't have any influence to CodeWarrior.
Anyway, I'd suggest you to find out which product is this feature related to and then configure licensing server according to the instructions of appropriate vendor of this product.
Stanish