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                                                                EXHIBIT 10.32

                               LUMINEX CORPORATION
                      OUTSIDE DIRECTOR COMPENSATION SUMMARY

The Board of Directors of Luminex Corporation has adopted the following outside
director compensation policy which shall apply to non-employee directors of the
Corporation effective as of the 2005 annual meeting of stockholders.

Annual Cash Retainers

    -  Each Board Member (other than the Chairman) serving on the Board of
       Directors after the annual stockholder meeting in any given year shall be
       paid an annual retainer of $18,000; provided that each member of the
       Audit Committee (other than the Chair) shall receive an additional annual
       retainer of $10,000.

    -  The Chairman of the Board of Directors shall be paid a monthly fee of
       $10,000.

    -  The Chairs of the Audit Committee and Executive Committee of the Board of
       Directors shall be paid an additional annual retainer of $20,000.

    -  The Chair of the Compensation and Nominating and Corporate Governance
       Committees of the Board of Directors shall be paid an additional annual
       retainer of $10,000.

Board Meeting and Committee Fees

Each Board Member shall receive the fees listed below for attendance at Board
and committee meetings.

    -  $2,000 for each board meeting attended in person or via telephone

    -  $500 for each committee meeting (other than an Audit Committee or
       Executive Committee meeting) attended in person or via telephone, to the
       extent not held in conjunction with a full Board meeting

    -  $1,000 for each Audit committee meeting attended in person or via
       telephone, to the extent not held in conjunction with a full Board
       meeting

Equity Grants

Board Members shall be eligible for annual restricted stock grants as follows:

    -  Each Board Member (other than the Chairman, the Audit Committee
       Members and the Chair of the Executive Committee) shall receive an annual
       grant of 4,500 shares of restricted common stock pursuant to the
       Company's 2000 Long-Term Incentive Plan (the "Plan").

    -  The Chairman of the Board shall receive an annual grant of 18,000 shares
       of restricted common stock pursuant to the Plan.

    -  Each Audit Committee Member shall receive an annual grant of 6,500 shares
       of restricted common stock pursuant to the Plan, provided that the Chair
       shall receive 8,500 shares.

    -  The Chair of the Executive Committee shall receive an annual grant of
       8,500 shares of restricted common stock pursuant to the Plan.

The restricted shares are subject to the terms of the Plan and the form of award
agreement previously filed and vest one year from the date of grant.<PAGE>

                                                                   EXHIBIT 10.17

 BASE SALARIES OF NAMED EXECUTIVE OFFICERS OF HAVERTY FURNITURE COMPANIES, INC.

The  following  table sets forth the 2005 annual  base salary  levels of Haverty
Furniture  Companies,  Inc.'s  named  executive  officers  for  the  2005  proxy
statement (as defined in Item 402(a)(3) of Regulation S-K):

<TABLE>
<CAPTION>
NAME                   POSITION                                             BASE SALARY
----                   --------                                             -----------
<S>                    <C>                                                  <C>
Clarence H. Ridley     Chairman                                             $   410,000
Clarence H. Smith      President and Chief Executive Officer                    420,000
Dennis L. Fink         Executive Vice President, Chief Financial Officer        320,000
M. Tony Wilkerson      Senior Vice President, Marketing                         260,000
Rawson Haverty, Jr.    Senior Vice President, Real Estate                       210,000
</TABLE><PAGE>
                                                                    Exhibit 10.1

               ALL DOCUMENTARY STAMPS HAVE BEEN PAID ON THIS NOTE

                                 PROMISSORY NOTE

     $8,000,000                                        AS OF DECEMBER 30, 2003

         FOR VALUE RECEIVED, the undersigned LEVITT CORPORATION, a Florida
corporation ("BORROWER") promises to pay to the order of BANKATLANTIC BANCORP,
INC., a Florida corporation (the "LENDER"), in immediately available funds, the
sum of EIGHT MILLION DOLLARS, ($8,000,000), together with interest thereon on
the unpaid principal amount from time to time outstanding at the Interest Rate
(as such term is defined herein). The Borrower may repay and prepay, the
principal amount hereof at any time prior to the Maturity Date (as such term is
defined herein), without penalty or premium.

         All amounts due hereunder shall be payable in lawful currency of the
United States of America to Lender at 1750 East Sunrise Boulevard, Fort
Lauderdale, Florida 33304, or at such other place in the United States as the
Lender may designate in writing prior to the due date of such payment hereunder.

         Until the Maturity Date (as defined herein), whether by acceleration or
otherwise, interest on the unpaid principal balance of this Note from time to
time outstanding shall be payable monthly on the first day of each month,
starting on the first day of the month following the month in which this Note is
signed. This Note shall mature and the principal balance hereunder, together
with all accrued and unpaid interest thereon, shall become due and payable on
December 30, 2008 (the "MATURITY DATE"). Payments received under this Note shall
be applied first to accrued and unpaid interest, and the balance, if any, to
principal. Borrower may prepay this Note in whole or in part without penalty or
premium.

         Interest shall be determined for each day by multiplying a daily
interest factor (based on the Interest Rate then in effect divided by 360) by
the unpaid principal balance outstanding for such day. Interest shall be
calculated and accrue on each Advance (as defined herein) of the principal of
this Note from and including the day on which such Advance is made.

         For purposes of this Note, the term "INTEREST RATE" shall mean the
annual prime rate of interest, as published in the Southeast Edition of THE WALL
STREET JOURNAL ("PRIME RATE" and if a range of interest rates is so published,
the mid point of such range) with each change in the Prime Rate as so published
being given effect in the daily calculation of interest hereunder PLUS the
Escalating Spread. As used herein, the "ESCALATING SPREAD" shall mean the
following schedule of interest premiums that shall be added to the Prime Rate in
calculating the Interest Rate hereunder:

                                                               Initial _________

                                                               Initial _________

                                  Page 1 of 5
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         Period                                      Escalating Spread
         ------                                      -----------------

         Commencing June 30, 2004                    0%
         Commencing December 30, 2004                0.25%, p.a.
         Commencing June 30, 2005                    0.50%, p.a.
         Commencing December 30, 2005                0.75%, p.a.
         Commencing June 30, 2006                    1.00%, p.a.
         Commencing December 30, 2006                1.25%, p.a.
         Commencing June 30, 2007                    1.50%, p.a.
         Commencing December 30, 2007                1.75%, p.a.
         Commencing June 30, 2008                    2.00%, p.a.
         Commencing December 30, 2008                2.25%, p.a.

         The Interest Rate shall be computed and adjusted as of the date of any
change in the Prime Rate; PROVIDED, HOWEVER, that the Interest Rate shall never
exceed the maximum rate allowed by applicable law. Lender shall invoice Borrower
setting forth the interest due for each month at least five (5) days in advance
of the payment date.

         Nothing herein contained, nor in any instrument or transaction related
hereto, shall be construed or so operate as to require the Borrower, or any
person liable for the payment of the loan made pursuant to this Note, to pay
interest in an amount or at a rate greater than the highest rate permissible
under applicable law. Should any interest or other charges paid by the Borrower,
or any parties liable for the payment of the loan made pursuant to this Note,
result in the computation or earning of interest in excess of the highest rate
permissible under applicable law, then any and all such excess shall be and the
same is hereby waived by the holder hereof, and all such excess shall be
automatically credited against and in reduction of the principal balance, and
any portion of said excess which exceeds the principal balance shall be paid by
the holder hereof to the Borrower any parties liable for the payment of the loan
made pursuant to this Note, it being the intent of the parties hereto that under
no circumstances shall the Borrower, or any parties liable for the payment of
the loan hereunder, be required to pay interest in excess of the highest rate
permissible. This paragraph shall never be superseded or waived unless by
written document executed by Lender and Borrower, expressly declaring the
interest rate limitations and usury disclaimers in this Note to be null and
void, and no other method or language shall be effective to supersede or waive
this paragraph.

         Borrower shall pay the cost of all revenue tax, stamp tax, intangibles
tax or other tax (other than taxes on Lender's net income or Lender's franchise
taxes) previously, now or hereafter required by law at any time to be paid or
affixed to this Note or any other agreements or documents relating hereto or
executed in connection herewith. And, if any tax is now or hereafter imposed
with respect to notes of the nature of this Note or debts of the nature of the
obligations evidenced by this Note, Borrower agrees to pay to the Lender hereof
upon demand the amount of such tax, together with any late charges, interest,
fines or penalties, and Borrower hereby waives any contrary provision of any law
or rule of court now or hereafter in effect. Borrower indemnifies Lender and
holds the Lender harmless from any such taxes, penalties, late charges, or fines
as may actually be or become due and payable; such indemnity to survive final
payment of the monetary obligations evidenced by this Note.

                                                               Initial _________

                                                               Initial _________

                                  Page 2 of 5
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         Borrower covenants and agrees for the benefit of Lender as follows:

         (a)      Borrower will keep in good standing, free from default (not
                  cured within applicable cure periods) its obligations under
                  its primary institutional borrowing arrangements, including
                  amounts presently owed to Ohio Savings Bank, a federal savings
                  bank (the "BANK DEBT");

         (b)      Except in connection with the Bank Debt (or any refinancing
                  thereof), for liens on taxes not yet due and otherwise arising
                  by operation of law or in the ordinary course of business, and
                  as the Lender may consent, Borrower shall not create or suffer
                  to exist any material liens or encumbrances upon any of
                  Borrower's assets;

         (c)      Borrower will not cause or permit its dissolution, nor shall
                  Borrower reorganize, consolidate with or merge into any other
                  person or permit any other person to consolidate with or merge
                  into it without the prior written consent of Lender;

         (d)      Borrower shall not, without the prior written consent of
                  Lender, sell or transfer any material assets outside of the
                  ordinary course of its business, including but not limited to,
                  sales or transfers of its operating subsidiaries, unless such
                  sales or transfers are consummated on an arm's length basis.

         This Note is subordinate to Borrower's obligations under that certain
loan agreement between Borrower and Ohio Savings Bank, a federal savings bank
("OSB"), dated as of September 15, 2000, all as more fully set forth in that
certain subordination and standstill agreement among Lender, Borrower and OSB of
even date herewith, as amended from time to time (the "SUBORDINATION
AGREEMENT"), the terms of which are incorporated into this Note in their
entirety by this reference.

          Each of following events shall constitute an event of default (an
"EVENT OF DEFAULT") hereunder:

         (a)      If Borrower shall fail to pay when due any interest or
                  principal or any other sum payable to Lender hereunder, and
                  such failure shall continue unremedied for ten (10) days after
                  Borrower's receipt from Lender of written notice of such Event
                  of Default; or

         (b)      If Borrower shall fail or neglect to perform, keep or observe,
                  or shall default with respect to any covenant with Lender
                  which default is not cured within thirty (30) days after
                  written notice, provided if same cannot be reasonably be cured
                  within thirty (30) days and Borrower commences to cure within
                  thirty (30) days and proceeds diligently to complete the cure,
                  such cure period shall be extended to the earlier of actual
                  cure or one hundred twenty (120) calendar days; or

                                                               Initial _________

                                                               Initial _________

                                  Page 3 of 5
<PAGE>

         (c)      If a final judgment for the payment of money in excess of
                  $1,000,000 shall be rendered against the Borrower and the same
                  shall remain undischarged for a period of thirty (30) days
                  during which execution shall not be effectively stayed, unless
                  such judgment is fully covered by collectible insurance; or

         (d)      Borrower shall: (i) make an assignment for the benefit of
                  creditors, file a petition in bankruptcy, petition or apply to
                  any tribunal for the appointment of a custodian, receiver or
                  any trustee, for a substantial part of any of its properties
                  or assets, or shall commence any proceeding under any
                  bankruptcy, reorganization, arrangement, readjustment of debt,
                  dissolution or liquidation law or statute, whether now or
                  hereafter in effect; or if there shall have been filed any
                  such petition or application, or any such proceeding shall
                  have been commenced against Borrower in which an order for
                  relief is entered or which is not dismissed within thirty (30)
                  days after entry of the order for relief; or if Borrower by
                  any act or omission shall indicate its consent to, approval of
                  or fail to timely object to any such petition, application or
                  proceeding or order for relief or the appointment of a
                  custodian, receiver, or any trustee for Borrower or any
                  substantial part of any of its properties or assets, or shall
                  suffer any such custodianship, receivership or trusteeship to
                  continue undischarged for a period of thirty (30) days or
                  more; (ii) generally not pay its debts as such debts become
                  due or admit in writing its inability to pay its debts as they
                  mature; or (iii) be "insolvent," as such term is defined in
                  section 101 of title 11 of the United States Code.

          Upon the occurrence of any Event of Default, (a) all amounts of
principal and/or interest and other sums due under this Note shall bear interest
from the day when due until such amount is paid in full at the "DEFAULT RATE".
As used herein, the "DEFAULT RATE" shall mean the Prime Rate plus five
percentage points (5%) per annum; PROVIDED, HOWEVER, the Default Rate shall in
no event exceed the maximum rate permitted by applicable law; (b) the entire
unpaid principal amount of this Note and all unpaid interest accrued thereon
shall, at the sole option of Lender upon notice to Borrower, become immediately
due and payable; PROVIDED, HOWEVER, that upon the occurrence of an Event of
Default specified in section (c), above, principal and interest on this Note
shall become automatically due and payable without declaration, notice or demand
by Lender; (c) Lender shall have the right to offset all amounts owed by
Borrower hereunder against any amounts owed by Lender in any capacity to
Borrower, whether or not due; and (d) Lender shall thereupon have the immediate
right to exercise from time to time all rights and remedies now or hereafter
available at law or in equity, including, if applicable, the rights of a secured
party under the Uniform Commercial Code, all of which shall be cumulative in
nature.

         Except as expressly set forth herein, Borrower, sureties, guarantors,
and endorsers of this Note, jointly and severally, do hereby waive presentment
for payment, demand, protest, notice of dishonor, diligence, collection and
protest, and do each hereby waive notice of and consent to any and all
extensions and renewals of this Note, or the release of all or any part of the
any security that may be pledged for the payment of the Note, or release of any
party liable for payment of this Note, from time to time, without notice, and
hereby waive any and all notices and defenses of whatsoever kind and nature and
waive the exhaustion of legal remedies hereon.

                                                               Initial _________

                                                               Initial _________

                                  Page 4 of 5
<PAGE>

         Borrower hereby agrees to pay to Lender all costs of collecting or
attempting to collect this Note or protecting, defending, or enforcing such
rights, including, without limitation, court costs and reasonable attorneys'
fees, in addition to all principal, interest and other amounts payable under
this Note.

         Any failure by Lender to exercise any right hereunder shall not be
construed as a waiver of the right to exercise the same or any other right at
any time. No amendment to or modification of this Note shall be binding upon
Lender unless in writing and signed by it. Any provision hereof found to be
illegal, invalid, or unenforceable for any reason whatsoever shall not affect
the legality, validity, or enforceability of the remainder hereof. This Note
shall apply to and bind the successors of Borrower and shall inure to the
benefit of Lender, its successors and assigns; PROVIDED, HOWEVER, that Borrower
may not assign its rights and obligations under this Note without the express
prior written consent of Lender.

         Borrower represents and warrants to Lender (a) that the execution,
delivery and performance of this Note: (i) has been duly authorized by all
necessary acts and proceedings, corporate or otherwise, and (ii) does not
violate, conflict with, or result in a violation or breach of the organizational
documents of the Borrower, or any law, regulation, judgment, order, writ,
agreement or understanding which is binding upon Borrower or its assets; and (b)
this Note is the valid, legal and binding obligation of the Borrower,
enforceable against Borrower in accordance with its terms.

         LENDER AND BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY
WAIVE THE RIGHT EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LITIGATION
BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS, ANY OTHER
DOCUMENTS ASSOCIATED WITH THE ADVANCES MADE HEREUNDER, OR ANY COURSE OF CONDUCT,
COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF EITHER
PARTY. THIS PROVISION IS A MATERIAL INDUCMENT FOR THE LENDER EXTENDING CREDIT TO
BORROWER.

         The Note shall be governed by and interpreted in accordance with the
laws of the State of Florida.

           IN WITNESS WHEREOF, Borrower, by its duly authorized officer
intending to be legally bound hereby, has caused this Note to be duly executed
and delivered effective as of December 30, 2003.

                                       LEVITT CORPORATION

                                       By: _____________________________

                                       Its: _____________________________

                                                               Initial _________

                                                               Initial _________

                                  Page 5 of 5

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