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This is a non-free non-open-source license, not to be confused with the Academic Free License.
How is it non free or non open source?
The license says this:

> Permission is hereby granted to use the Program free of charge for any noncommercial purpose, including teaching and research at universities, colleges and other educational institutions, research at non-profit research institutions, and personal non-profit purposes. For using the Program for commercial purposes, including but not restricted to consulting activities, design of commercial hardware or software networking products, and a commercial entity participating in research projects, you have to contact the Author for an appropriate license

The Free Software Definition says this:

> a free program must be available for commercial use, commercial development, and commercial distribution

The Open Source Definition says this:

> The license must not restrict anyone from making use of the program in a specific field of endeavor. For example, it may not restrict the program from being used in a business