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                                                                   EXHIBIT 10.34


                             AREMISSOFT CORPORATION
                             2000 STOCK OPTION PLAN

      1. Purpose; Definitions.

            (a) Purpose. The purpose of the Plan is to attract, retain and
motivate employees, officers, directors, and consultants of the Company, or a
subsidiary of the Company, by giving them the opportunity to acquire Stock
ownership in the Company.

            (b) Definitions. For purposes of the Plan, the following terms have
the following meanings:

                  (i) "Administrator" means the Compensation Committee referred
to in Section 4 in its capacity as administrator of the Plan, or the Board in
the event that it abolishes the Compensation Committee and reinvests in the
Board the administration of the Plan.

                  (ii) "Board" means the Board of Directors of the Company.

                  (iii) "Code" shall mean the Internal Revenue Code of 1986, as
amended from time to time.

                  (iv) "Commission" means the Securities and Exchange Commission
and any successor agency.

                  (v) "Company" means AremisSoft Corporation, a Delaware
corporation and its subsidiaries.

                  (vi) "Director" shall mean a member of the Board.

                  (vii) "Effective Date" has the meaning set forth in Section 2.

                  (viii)"Eligible Person" means, in the case of the grant of an
Incentive Stock Option Plan, all employees of the Company or a subsidiary of the
Company and, in the case of a Non-qualified Stock Option, any director, officer
or employee of the Company or other person who, in the opinion of the Board, is
rendering valuable services to the Company, including without limitation, an
independent contractor, outside consultant, or advisor to the Company.

                  (ix) "Exchange Act" means the Securities Exchange Act of 1934,
as amended from time to time, and any successor statute.

                  (x) "Fair Market Value" means (i) if the Stock is listed or
admitted to trade on a national securities exchange, the closing price of the
Stock on the Composite Tape, as published in the Western Edition of the Wall
Street Journal, of the principal national securities exchange on which the Stock
is so listed or admitted to trade, on such date, or, if there is no trading of
the Stock on such date, then the closing price of the Stock as quoted on such
Composite Tape on the next preceding date on which there was trading in such
Stock; (ii) if the Stock is not listed or admitted to trade on a national
securities exchange, the closing price for the Stock on such date, as furnished
by the National Association of Securities Dealers, Inc. ("NASD") through the
NASDAQ National Market System or a similar organization if the NASD is no longer
reporting such information; (iii) if the Stock is not reported on the National
Market System, the mean between the closing bid and asked prices for the Stock
on such date, as


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furnished by the NASD, and if no bid and asked prices are quoted on such date,
the bid and asked prices on the next preceding day on which such prices were
quoted; and (iv) if the Stock is not reported on the National Market System and
if bid and asked prices for the Stock are not furnished by the NASD or a similar
organization, the value established by the Administrator for purposes of
granting options under the Plan.

                  (xi) "Grant Date" means the date of grant of any Option.

                  (xii) "Incentive Stock Option" means an option which is an
option within the meaning of Section 422 of the Code, the award of which
contains such provisions as are necessary to comply with that section.

                  (xiii)"NASD Dealer" means a broker-dealer that is a member of
the National Association of Securities Dealers.

                  (xiv) "Non-Employee Director" has the meaning set forth in
Rule 16-3.

                  (xv) "Non-qualified Stock Option" means an option which is
designated a Non-qualified Stock Option.

                  (xvi) "Officer" means an officer of the Company who is subject
to Section 16 of the Exchange Act.

                  (xvii) "Option" means an option to purchase Common Stock under
this Plan. An Option shall be designated by the Committee as an Incentive Stock
Option or a Non-qualified Stock Option.

                  (xviii) "Option Agreement" means the written option agreement
covering an Option.

                  (xix) "Optionee" means the holder of an option.

                  (xx) "Plan" means this AremisSoft Corporation 2000 Stock
Option Plan as amended from time to time.

                  (xxi) "Rule 16b-3" means Rule 16b-3 under Section 16 (b) of
the Exchange Act, as amended from time to time, and any successor rule.

                  (xxii) "Stock" means the Common Stock, par value $0.001, of
the Company, and any successor entity.

                  (xxiii) "Subsidiary" means any corporation in an unbroken
chain of corporations beginning with the Company if, at the time of granting of
an Option, each of the corporations other than the last corporation in the
unbroken chain owns stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

                  (xxiv) "Tax Date" means the date defined in Section 7.

                  (xxv) "Vesting Date" means the date on which an Option becomes
wholly or partially exercisable, as determined by the Administrator in its sole
discretion.

      2. Effective Date; Term of Plan. The Effective Date of this Plan shall be
upon stockholder approval of this Plan within 12 months of the date of Board
approval. Any Options granted prior to stockholder approval of the Plan, shall,
upon stockholder approval, be deemed issued as of the grant date. This Plan, but
not Options already granted, shall terminate automatically ten years after its
adoption by the Board, unless terminated earlier by the Board


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under Section 13. No Options shall be granted after termination of this Plan but
all Options granted prior to termination shall remain in effect in accordance
with their terms.

      3. Number and Source of Shares of Stock Subject to the Plan. Subject to
the provisions of Section 8, the total number of shares of Stock with respect to
which Options may be granted under this Plan is three million fifty thousand
(3,050,000) shares of Stock. The shares of Stock covered by any canceled,
expired or terminated Option or the unexercised portion thereof shall become
available again for grant under this Plan. The shares of Stock to be issued
hereunder upon exercise of an Option may consist of authorized and unissued
shares or treasury shares.

      4. Administration of the Plan. Authority to control and manage the
operation and administration of the Plan shall be vested in the Board, which may
delegate such responsibilities in whole or in part to a committee consisting of
two (2) or more members of the Board, all of whom shall be Non-Employee
Directors (the "Compensation Committee"). Members of the Compensation Committee
may be appointed from time to time by, and shall serve at the pleasure of, the
Board. As used herein, the term "Administrator" means the Board or, with respect
to any matter as to which responsibility has been delegated to the Compensation
Committee, the term Administrator shall mean the Compensation Committee.

      Subject to the express provisions of this Plan, the Administrator shall
have the authority to construe and interpret this Plan and any agreements
defining the rights and obligations of the Company and Optionees under this
Plan; to further define the terms used in this Plan; to correct any defect or
supply any omission or reconcile any inconsistency in the Plan or in any Option
Agreement; to provide for rights of refusal and/or repurchase rights; to amend
outstanding Option Agreements to provide for, among other things, any change or
modification which the Administrator could have provided for upon the grant of
an Option or in furtherance of the powers provided for herein; to prescribe,
amend and rescind rules and regulations relating to the administration of this
Plan; to determine the duration and purposes of leaves of absence which may be
granted to Optionees without constituting a termination of their employment for
purposes of this Plan; to accelerate the vesting of any Option; and to make all
other determinations necessary or advisable for the administration of this Plan.

      Any decision or action of the Administrator in connection with this Plan
or Options granted or shares of Stock purchased under this Plan shall be final
and binding. The Administrator shall not be liable for any decision, action or
omission respecting this Plan, or any Options granted or shares of Stock sold
under this Plan. The Board at any time may abolish the Compensation Committee
and reinvest in the Board the administration of the Plan.

      To the extent permitted by applicable law in effect from time to time, no
member of the Compensation Committee or the Board of Directors shall be liable
for any action or omission of any other member of the Compensation Committee or
the Board of Directors nor for any act or omission on the member's own part,
excepting only the member's own willful misconduct or gross negligence, arising
out of or related to the Plan. The Company shall pay expenses incurred by, and
satisfy a judgment or fine rendered or levied against, a present or former
director or member of the Compensation Committee or Board in any action against
such person (whether or not the Company is joined as a party defendant) to
impose liability or a penalty on such person for an act alleged to have been
committed by such person while a director or member of the Compensation
Committee or Board arising with respect to the Plan or administration thereof or
out of membership on the Compensation Committee or Board or by the Company, or
all or any combination of the preceding; provided, the director or Compensation
Committee member was acting in good faith, within what such director or
Compensation Committee member reasonably believed to have been within the scope
of his or her employment or authority and for a purpose which he or she
reasonably believed to be in the best interests of the Company or its
stockholders. Payments authorized hereunder include amounts paid and expenses
incurred in settling any such action or threatened action. The provisions of
this section shall apply to the estate, executor, administrator, heirs, legatees
or devisees of a director or Compensation Committee member, and the term
"person" as used on this section shall include the estate, executor,
administrator, heirs, legatees, or devisees of such person.

      5. Grant of Options; Terms and Conditions of Grant.


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            (a) Grant of Options. One or more Options may be granted to any
Eligible Person. Subject to the express provisions of the Plan, the
Administrator shall determine from the Eligible Persons those individuals to
whom Options under the Plan may be granted. Each Option so granted shall be
designated by the Administrator as either a Non-qualified Stock Option or an
Incentive Stock Option.

      Subject to the express provisions of the Plan, the Administrator shall
specify the Grant Date, the number of shares of Stock covered by the Option, the
exercise price and the terms and conditions for exercise of the Options. If the
Administrator fails to specify the Grant Date, the Grant Date shall be the date
of the action taken by the Administrator to grant the Option. As soon as
practicable after the Grant Date, the Company will provide the Optionee with a
written Option Agreement in the form approved by the Administrator, which sets
out the Grant Date, the number of shares of Stock covered by the Option, the
exercise price and the terms and conditions for exercise of the Option.

      The Administrator may, in its absolute discretion, grant Options under
this Plan at any time and from time to time before the expiration of ten years
from the Effective Date to an Eligible Person.

            (b) General Terms and Conditions. Except as otherwise provided
herein, the Options shall be subject to the following terms and conditions and
such other terms and conditions not inconsistent with this Plan as the
Administrator may impose:

                  (i) Exercise of Option. In order to exercise all or any
portion of any Option granted under this Plan, an Optionee must remain as an
officer, employee, consultant or director of the Company, or a Subsidiary, until
the Vesting Date. The Option shall be exercisable on or after each Vesting Date
in accordance with the terms set forth in the Option Agreement.

                  (ii) Option Term. Each Option and all rights or obligations
thereunder shall expire on such date as shall be determined by the
Administrator, but not later than 10 years after the grant of the Option (5
years in the case of an Incentive Stock Option when the Optionee owns more than
10% of the total combined voting power of all classes of stock of the Company),
and shall be subject to earlier termination as hereinafter provided.

                  (iii) Exercise Price. The Exercise Price of any Option shall
be determined by the Administrator, but in the case of Incentive Stock Options
shall not be less than 100% (110% in the case of an Optionee who owns more than
10% of the total combined voting power of all classes of stock of the Company)
of the Fair Market Value of the Stock on the date the Incentive Stock Option is
granted.

                  (iv) Method of Exercise. To the extent the right to purchase
shares of Stock has vested, Options may be exercised, in whole or in part, from
time to time in accordance with their terms by written notice from the Optionee
to the Company stating the number of shares of Stock with respect to which the
Option is being exercised. Payment of the exercise price may be made, in the
discretion of the Administrator, subject to any legal restrictions, by: (a)
cash; (b) check; (c) the surrender of shares of Stock owned by the Optionee that
have been held by the Optionee for at least six (6) months, which surrendered
shares shall be valued at Fair Market Value as of the date of such exercise; (d)
the Optionee's promissory note in a form and on terms acceptable to the
Administrator; (e) the cancellation of indebtedness of the Company to the
Optionee; (f) provided that a public market for the Stock exists, a "same day
sale" commitment from the Optionee and an NASD Dealer whereby the Optionee
irrevocably elects to exercise the Option and to sell a portion of the shares so
purchased to pay for the Exercise Price and whereby the NASD Dealer irrevocably
commits upon receipt of such shares to forward the Exercise Price directly to
the Company; or (g) any combination of the foregoing methods of payment or any
other consideration or method of payment as shall be permitted by applicable
corporate law. The Administrator may provide, in an Agreement or otherwise, that
an Optionee who exercises an Option and pays the exercise price in whole or in
part with Stock then owned by the Optionee will be entitled to receive another
Option covering the same number of shares tendered and with a price of no less
than Fair Market Value on the date of grant of such additional Option ("Reload
Option").


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Unless otherwise provided in the Agreement, an Optionee, in order to be entitled
to a Reload Option, must pay with Stock that has been owned by the Optionee for
at least the preceding 180 days.

                  (v) Restrictions on Stock; Option Agreement. At the time it
grants Options under this Plan, the Company may retain, for itself or others,
rights to repurchase the shares of Stock acquired under the Option or impose
other restrictions on such shares. The terms and conditions of any such rights
or other restrictions shall be set forth in the Option Agreement evidencing the
Option. No Option shall be exercisable until after execution of the Option
Agreement by the Company and the Optionee.

                  (vi) Transferability of Options. Except as otherwise provided
below for Non-qualified Stock Options, no Option shall be transferable other
than by will or by the laws of descent and distribution and during the lifetime
of an Optionee, only the Optionee, his guardian or legal representative may
exercise an Option. An Optionee may designate a beneficiary to exercise his or
her Options after the Optionee's death. The Administrator may provide for
transfer of an Option (other than an Incentive Stock Option), without payment of
consideration, to the following family members of the Optionee, including
adoptive relationships: a child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in- law, sister-in-law, niece, nephew, former spouse
(whether by gift or pursuant to a domestic relations order), any person sharing
the employee's household (other than a tenant or employee), an Optionee or
family-controlled partnership, corporation, limited liability company and trust,
or a foundation in which the Optionee or family members heretofore described
control the management of assets. The assigned portion may only be exercised by
the person or persons who acquire a proprietary interest in the option pursuant
to the assignment. The terms applicable to the assigned portion shall be the
same as those in effect for the option immediately prior to such assignment and
shall be set forth in such documents issued to the assignee as the Administrator
may deem appropriate.

                  (vii) Exercise After Certain Events.

                        (1) Termination of Employment/Consulting/Directorship.
If for any reason other than permanent and total disability or death (as defined
below) an Optionee ceases to be employed by or to be a consultant or director of
the Company, or a Subsidiary, Incentive Stock Options held at the date of such
termination (to the extent then exercisable) may be exercised, in whole or in
part, at any time within three months after the date of such termination or such
lesser period specified in the Option Agreement (but in no event after the
earlier of (i) the expiration date of the Option as set forth in the Option
Agreement, and (ii) ten years from the Grant Date) and Non-qualified Stock
Options held at the date of such termination (to the extent then exercisable)
may be exercised, in whole or in part, at any time within the period specified
in the Option Agreement (but in no event after the earlier of (i) the expiration
date of the Option as set forth in the Option Agreement, and (ii) ten years from
the Grant Date), or such lesser period specified by the Administrator.

                           If an Optionee granted an Incentive Stock Option
terminates employment but continues as a consultant, advisor or in a similar
capacity to the Company or a Subsidiary, Optionee need not exercise the Option
within three months of termination of employment but shall be entitled to
exercise within three months of termination of services to the Company or the
Subsidiary (one year in the event of permanent disability or death). However, if
Optionee does not exercise within three months of termination of employment, the
Option will not qualify as an Incentive Stock Option.

                        (2) Permanent Disability and Death. If an Optionee
becomes permanently and totally disabled (within the meaning of Section 22(e)(3)
of the Code), or dies while employed by the Company, or while acting as an
officer, consultant or director of the Company, or a Subsidiary, (or, if the
Optionee dies within the period that the Option remains exercisable after
termination of employment or affiliation), Incentive Stock Options then held (to
the extent then exercisable) may be exercised by the Optionee, the Optionee's
personal representative, or by the person to whom the Incentive Stock Option is
transferred by will or the laws of descent and distribution, in whole or in
part, at any time within one year after the disability or death or any lesser
period specified


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in the Option Agreement (but in no event after the earlier of (i) the expiration
date of the Option as set forth in the Option Agreement, and (ii) ten years from
the Grant Date). Non-qualified Stock Options shall not be limited to such one
year exercise period upon permanent disability or death and may be exercised at
any time specified in the Option Agreement (but in no event after the earlier of
(i) the expiration date of the Option as set forth in the Option Agreement, and
(ii) ten years from the Grant Date) or such lesser period specified by the
Administrator.

                  (viii) Compliance with Securities Laws. The Company shall not
be obligated to issue any shares of Stock upon exercise of an Option unless such
shares are at that time effectively registered or exempt from registration under
the federal securities laws and the offer and sale of the shares of Stock are
otherwise in compliance with all applicable securities laws. Upon exercising all
or any portion of an Option, an Optionee may be required to furnish
representations or undertakings deemed appropriate by the Company to enable the
offer and sale of the shares of Stock or subsequent transfers of any interest in
such shares to comply with applicable securities laws. Evidences of ownership of
shares of Stock acquired upon exercise of Options shall bear any legend required
by, or useful for purposes of compliance with, applicable securities laws, this
Plan or the Option Agreement evidencing the Option.

      6. Limitations on Grant of Incentive Stock Options.

            (a) The aggregate Fair Market Value (determined as of the Grant
Date) of the Stock for which Incentive Stock Options may first become
exercisable by any Optionee during any calendar year under this Plan, together
with that of Stock subject to Incentive Stock Options first exercisable (other
than as a result of acceleration pursuant to Section 9(a)) by such Optionee
under any other plan of the Company or any Subsidiary, shall not exceed
$100,000.

            (b) There shall be imposed in the Option Agreement relating to
Incentive Stock Options such terms and conditions as are required in order that
the Option be an "incentive stock option" as that term is defined in Section 422
of the Code.

            (c) No Incentive Stock Option may be granted to any person who, at
the time the Incentive Stock Option is granted, owns shares of outstanding Stock
possessing more than 10% of the total combined voting power of all classes of
stock of the Company, unless the exercise price of such Option is at least 110%
of the Fair Market Value of the Stock (determined as of the Grant Date) subject
to the Option and such Option by its terms is not exercisable after the
expiration of five years from the Grant Date.

            (d) No Incentive Stock Option may be granted to any person who is
not an employee of the Company or a Subsidiary of the Company.

      7. Payment of Taxes. Upon the disposition by an Optionee or other person
of shares of an Option prior to satisfaction of the holding period requirements
of Section 422 of the Code, or upon the exercise of a Non-qualified Stock
Option, the Company shall have the right to require such Optionee or such other
person to pay by cash, or check payable to the Company, the amount of any
required withholding on applicable federal, state, and local taxes and FICA or
any such other applicable tax regulations and laws with respect to such
transactions. Any such payment must be made promptly when the amount of such
obligation becomes determinable (the "Tax Date"). To the extent permissible
under applicable tax, securities and other laws, the Administrator may, in its
sole discretion and upon such terms and conditions as it may deem appropriate,
permit an Optionee to satisfy his or her obligation to pay any such tax, in
whole or in part, up to an amount not greater than the Optionee's estimated
withholding, by (a) directing the Company to apply shares of Stock to which the
Optionee is entitled as a result of the exercise of an Option, or (b) delivering
to the Company shares of Stock owned by the Optionee. The shares of Stock so
applied or delivered in satisfaction of the Optionee's tax withholding
obligation shall be valued at their Fair Market Value as of the date of
measurement of the amount of income subject to withholding.


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      8. Adjustment for Changes in Capitalization. The existence of outstanding
Options shall not affect the Company's right to effect adjustments,
recapitalizations, reorganizations or other changes in its or any other
corporation's capital structure or business, any merger or consolidation, any
issuance of bonds, debentures, preferred or prior preference stock ahead of or
affecting the Stock, the dissolution or liquidation of the Company's or any
other corporation's assets or business or any other corporate act whether
similar to the events described above or otherwise. Subject to Section 9, if the
outstanding shares of the Stock are increased or decreased in number or changed
into or exchanged for a different number or kind of securities of the Company or
any other corporation by reason of a recapitalization, reclassification, stock
split, combination of shares, stock dividend or other event, an appropriate
adjustment of the number and kind of securities with respect to which Options
may be granted under this Plan, the number and kind of securities as to which
outstanding Options may be exercised, and the exercise price at which
outstanding Options may be exercised will be made.

      9. Dissolution, Liquidation, Merger.

            (a) Company Not The Survivor. In the event of a dissolution or
liquidation of the Company, a merger, consolidation, combination or
reorganization in which the Company is not the surviving corporation, or a sale
of substantially all of the assets of the Company (as determined in the sole
discretion of the Board of Directors), the Administrator, in its absolute
discretion, may cancel each outstanding Option upon payment in cash to the
Optionee of the amount by which any cash and the fair market value of any other
property which the Optionee would have received as consideration for the shares
of Stock covered by the Option if the Option had been exercised before such
liquidation, dissolution, merger, consolidation, combination, reorganization or
sale exceeds the exercise price of the Option or negotiate to have such option
assumed by the surviving corporation. In addition to the foregoing, in the event
of a dissolution or liquidation of the Company, or a merger, consolidation,
combination or reorganization, in which the Company is not the surviving
corporation, the Administrator, in its absolute discretion, may accelerate the
time within which each outstanding Option may be exercised or negotiate to have
such option assumed by the surviving corporation.

            (b) Company is the Survivor. In the event of a merger,
consolidation, combination or reorganization in which the Company is the
surviving corporation, the Board of Directors shall determine the appropriate
adjustment of the number and kind of securities with respect to which
outstanding Options may be exercised, and the exercise price at which
outstanding Options may be exercised. The Board of Directors shall determine, in
its sole and absolute discretion, when the Company shall be deemed to survive
for purposes of this Plan.

      10. Change of Control. If there is a "change of control" in the Company,
all outstanding Options shall fully vest immediately upon the Company's public
announcement of such a change. A "change of control" shall mean an event
involving one transaction or a related series of transactions, in which (i) the
Company issues securities equal to 25% or more of the Company's issued and
outstanding voting securities, determined as a single class, to any individual,
firm, partnership, limited liability company, or other entity, including a
"group" within the meaning of SEC Exchange Act Rule 13d-3, (ii) the Company
issues voting securities equal to 25% or more of the issued and outstanding
voting stock of the Company in connection with a merger, consolidation other
business combination, (iii) the Company is acquired in a merger or other
business combination transaction in which the Company is not the surviving
company, or (iv) all or substantially all of the Company's assets are sold or
transferred. See Section 9 with respect to Options vesting upon the occurrence
of either of the events described in (iii) or (iv) of this Section 10 and the
result upon the non-exercise of the Options.

      11. Suspension and Termination. In the event the Board or the
Administrator reasonably believes an Optionee has committed an act of misconduct
including, but limited to acts specified below, the Administrator may suspend
the Optionee's right to exercise any Option granted hereunder pending final
determination by the Board or the Administrator. If the Administrator determines
that an Optionee has committed an act of embezzlement, fraud, breach of
fiduciary duty or deliberate disregard of the Company rules or rules made by a
supervisor, or if an Optionee makes an unauthorized disclosure of any Company
trade secret or confidential information, engages in any conduct


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constituting unfair competition, induces any Company customer to breach a
contract with the Company or induces any principal for whom the Company acts as
agent to terminate such agency relationship, neither the Optionee nor his estate
shall be entitled to exercise any Option hereunder. In making such
determination, the Board or the Administrator shall give the Optionee an
opportunity to appear and present evidence on the Optionee's behalf. The
determination of the Board or the Administrator shall be final and conclusive.

      12. No Rights as Stockholder or to Continued Employment. An Optionee shall
have no rights as a stockholder with respect to any shares of Stock covered by
an Option. An Optionee shall have no right to vote any shares of Stock, or to
receive distributions of dividends or any assets or proceeds from the sale of
Company assets upon liquidation until such Optionee has effectively exercised
the Option and fully paid for such shares of Stock. Subject to Sections 8 and 9,
no adjustment shall be made for dividends or other rights for which the record
date is prior to the date title to the shares of Stock has been acquired by the
Optionee. The grant of an Option shall in no way be construed so as to confer on
any Optionee the rights to continued employment by the Company.

      13. Termination; Amendment. The Board may amend, suspend or terminate this
Plan at any time and for any reason, but no amendment, suspension or termination
shall be made which would impair the right of any person under any outstanding
Options without such person's consent not unreasonably withheld. Further, the
Board may also amend this Plan to materially increase the benefits accruing to
Option holders under this Plan; provided, however, that any such amendment shall
be subject to the approval of the Company's stockholders if so required to
maintain the status of the Plan as an Incentive Stock Option Plan.

      14. Governing Law. This Plan and the rights of all persons under this Plan
shall be construed in accordance with and under applicable provisions of the
laws of the State of California.


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