Document:

<PAGE>

                                                                  EXHIBIT 10.3.1

                        AMENDMENT OF THE PLAN FOR EGTRRA
                                       AND
                            REVENUE PROCEDURE 2002-29

                             AMENDMENT NUMBER ONE TO
                  HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN
                            RESTATED JANUARY 1, 2005

<PAGE>

                        AMENDMENT OF THE PLAN FOR EGTRRA
                                       AND
                            REVENUE PROCEDURE 2002-29

                             AMENDMENT NUMBER ONE TO
                  HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN
                            RESTATED JANUARY 1, 2005

     BY THIS AGREEMENT, HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN Restated
January 1, 2005 (herein referred to as the Plan) is hereby amended as follows:

                                    ARTICLE I
                                    PREAMBLE

1.1 Adoption and effective date of amendment. This amendment of the Plan is
adopted to reflect certain provisions of the Economic Growth and Tax Relief
Reconciliation Act of 2001 (EGTRRA) and the model amendment of Revenue Procedure
2002-29. This amendment is intended as good faith compliance with the
requirements of EGTRRA and the model amendment of Revenue Procedure 2002-29 and
is to be construed in accordance with EGTRRA and the model amendment of Revenue
Procedure 2002-29 and guidance issued thereunder. Except as otherwise provided,
this amendment shall be effective as of the first day of the first Plan Year
beginning after December 31, 2001.

1.2 Supersession of inconsistent provisions. This amendment shall supersede the
provisions of the Plan to the extent those provisions are inconsistent with the
provisions of this amendment.

                                   ARTICLE II
                          LIMITATIONS ON CONTRIBUTIONS

2.1 Effective date. This Article shall be effective for "limitation years"
beginning after December 31, 2001.

2.2 Maximum annual addition. Except to the extent permitted under Article VIII
of this amendment and Code Section 414(v), the "annual addition" that may be
contributed or allocated to a Participant's account under the Plan for any
"limitation year" shall not exceed the lesser of:

          (a) $40,000, as adjusted for increases in the cost-of-living under
     Code Section 415(d), or

          (b) one-hundred percent (100%) of the Participant's "415 Compensation"
     for the "limitation year."

     The "415 Compensation" limit referred to in (b) shall not apply to any
contribution for medical benefits after separation from service (within the
meaning of Code Section 401(h) or Code Section 419A(f)(2)) which is otherwise
treated as an "annual addition."

                                        1

<PAGE>

                                   ARTICLE III
                         INCREASE IN COMPENSATION LIMIT

     The annual Compensation of each Participant taken into account in
determining allocations for any Plan Year beginning after December 31, 2001,
shall not exceed $200,000, as adjusted for cost-of-living increases in
accordance with Code Section 401(a)(17)(B).

                                   ARTICLE IV
                     MODIFICATION OF TOP-HEAVY RULESIV

4.1 Effective date. This Article shall apply for purposes of determining whether
the Plan is a top-heavy plan under Code Section 416(g) for Plan Years beginning
after December 31, 2001, and whether the Plan satisfies the minimum benefits
requirements of Code Section 416(c) for such years. This Article amends Article
VIII of the Plan.

4.2 Determination of top-heavy status.

          (a) Key employee. Key employee means any Employee or former Employee
     (including any deceased Employee) who at any time during the Plan Year that
     includes the determination date was an officer of the Employer having "415
     Compensation" greater than $130,000 (as adjusted under Code Section
     416(i)(1) for Plan Years beginning after December 31, 2002), a 5-percent
     owner of the Employer, or a 1-percent owner of the Employer having "415
     Compensation" of more than $150,000. The determination of who is a key
     employee will be made in accordance with Code Section 416(i)(1) and the
     applicable regulations and other guidance of general applicability issued
     thereunder.

          (b) Determination of present values and amounts. This section (b)
     shall apply for purposes of determining the present values of accrued
     benefits and the amounts of account balances of Employees as of the
     determination date.

          (1) Distributions during year ending on the determination date. The
          present values of accrued benefits and the amounts of account balances
          of an Employee as of the determination date shall be increased by the
          distributions made with respect to the Employee under the Plan and any
          plan aggregated with the Plan under Code Section 416(g)(2) during the
          1-year period ending on the determination date. The preceding sentence
          shall also apply to distributions under a terminated plan which, had
          it not been terminated, would have been aggregated with the Plan under
          Code Section 416(g)(2)(A)(i). In the case of a distribution made for a
          reason other than separation from service, death, or disability, this
          provision shall be applied by substituting "5-year period" for "1-year
          period."

          (2) Employees not performing services during year ending on the
          determination date. The accrued benefits and accounts of any
          individual who has not performed services for the Employer during the
          1-year period ending on the determination date shall not be taken into
          account.

4.3 Minimum benefits. Employer matching contributions shall be taken into
account for purposes of satisfying the minimum contribution requirements of Code
Section 416(c)(2) and the Plan. The preceding sentence shall apply with respect
to matching contributions under the Plan

                                        2

<PAGE>

or, if the Plan provides that the minimum contribution requirement shall be met
in another plan, such other plan. Employer matching contributions that are used
to satisfy the minimum contribution requirements shall be treated as matching
contributions for purposes of the actual contribution percentage test and other
requirements of Code Section 401(m).

                                    ARTICLE V
                     DIRECT ROLLOVERS OF PLAN DISTRIBUTIONS

5.1 Effective date. This Article shall apply to distributions made after
December 31, 2001.

5.2 Modification of definition of eligible retirement plan. For purposes of the
direct rollover provisions in Section 6.13 p.56 of the Plan, an eligible
retirement plan shall also mean an annuity contract described in Code Section
403(b) and an eligible plan under Code Section 457(b) which is maintained by a
state, political subdivision of a state, or any agency or instrumentality of a
state or political subdivision of a state and which agrees to separately account
for amounts transferred into such plan from this Plan. The definition of
eligible retirement plan shall also apply in the case of a distribution to a
surviving spouse, or to a spouse or former spouse who is the alternate payee
under a qualified domestic relation order, as defined in Code Section 414(p).

5.3 Modification of definition of eligible rollover distribution to exclude
hardship distributions. For purposes of the direct rollover provisions in
Section 6.13 p.56 of the Plan, any amount that is distributed on account of
hardship shall not be an eligible rollover distribution and the distributee may
not elect to have any portion of such a distribution paid directly to an
eligible retirement plan.

                                   ARTICLE VI
                           ROLLOVERS FROM OTHER PLANS

     The Administrator, operationally and on a nondiscriminatory basis, may
limit the source of rollover contributions that may be accepted by this Plan.

                                   ARTICLE VII
                           REPEAL OF MULTIPLE USE TEST

     The multiple use test described in Treasury Regulation Section 1.401(m)-2
and Section 4.7(a)(2) p.34 of the Plan shall not apply for Plan Years beginning
after December 31, 2001.

                                  ARTICLE VIII
                             CATCH-UP CONTRIBUTIONS

8.1 Effective date. This Article shall apply to catch-up contributions made on
and after January 1, 2002.

8.2 Applicability. All Employees who are eligible to make salary reductions
under this Plan and who are projected to attain age 50 before the end of a
calendar year shall be eligible to make catch-up contributions as of the January
1st of that calendar year in accordance with, and subject to the limitations of,
Code Section 414(v). Such catch-up contributions shall not be taken into account
for purposes of the provisions of the Plan implementing the required limitations
of Code Sections 402(g) and 415. The Plan shall not be treated as failing to
satisfy the provisions of the

                                        3

<PAGE>

Plan implementing the requirements of Code Section 401(k)(3), 401(k)(11),
401(k)(12), 410(b), or 416, as applicable, by reason of the making of such
catch-up contributions.

8.3 Matching contributions. Notwithstanding anything in the Plan to the
contrary, catch-up contributions shall not be matched.

                                   ARTICLE IX
                SUSPENSION PERIOD FOLLOWING HARDSHIP DISTRIBUTION

     A Participant who, after December 31, 2001, receives a hardship
distribution pursuant to Regulation 1.401(k)-1(d)(2)(iv) of elective deferrals,
shall be prohibited from making elective deferrals and after-tax Employee
contributions under this Plan and all other plans maintained by the Employer for
six (6) months after receipt of the hardship distribution. A Participant who
receives such a hardship distribution in calendar year 2001 shall be prohibited
from making elective deferrals and after-tax Employee contributions under this
Plan and all other plans maintained by the Employer for the period specified in
the provisions of the Plan relating to suspension of elective deferrals and
after-tax Employee contributions that were in effect prior to this amendment.

                                    ARTICLE X
                   DISTRIBUTION UPON SEVERANCE FROM EMPLOYMENT

10.1. Effective date. This Article shall apply for distributions occurring on
and after January 1, 2002 for severance from employment occurring on or after
January 1, 2002.

10.2. New distributable event. A Participant's Elective Contributions and
earnings attributable to these contributions shall be distributed on account of
the Participant's severance from employment. However, such a distribution shall
be subject to the other provisions of the Plan regarding distributions, other
than provisions that require a separation from service before such amounts may
be distributed.

                                   ARTICLE XI
                 MODEL AMENDMENT UNDER REVENUE PROCEDURE 2002-29
                        MINIMUM DISTRIBUTION REQUIREMENTS

11.1 General Rules.

          (a) Effective Date. The provisions of this Article will apply for
     purposes of determining required minimum distributions for calendar years
     beginning with the 2003 calendar year, as well as required minimum
     distributions for the 2002 distribution calendar year that are made on or
     after January 1, 2002.

          (b) Coordination with Minimum Distribution Requirements Previously in
     Effect. If the total amount of 2002 required minimum distributions under
     the Plan made to the distributee prior to the effective date of this
     Article equals or exceeds the required minimum distributions determined
     under this Article, then no additional distributions will be required to be
     made for 2002 on or after such date to the distributee. If the total amount
     of 2002 required minimum distributions under the Plan made to the
     distributee prior to the effective date of this Article is less than the
     amount determined under this Article, then required minimum distributions
     for 2002 on and after such date will be

                                        4

<PAGE>

     determined so that the total amount of required minimum distributions for
     2002 made to the distributee will be the amount determined under this
     Article.

          (c) Precedence. The requirements of this Article will take precedence
     over any inconsistent provisions of the Plan.

          (d) Requirements of Treasury Regulations Incorporated. All
     distributions required under this Article will be determined and made in
     accordance with the Treasury regulations under Code Section
     401(a)(9).

11.2 Time and Manner of Distribution.

          (a) Required Beginning Date. The Participant's entire interest will be
     distributed, or begin to be distributed, to the Participant no later than
     the Participant's required beginning date.

          (b) Death of Participant Before Distributions Begin. If the
     Participant dies before distributions begin, the Participant's entire
     interest will be distributed, or begin to be distributed, no later than as
     follows:

          (1) If the Participant's surviving spouse is the Participant's sole
          designated Beneficiary, then distributions to the surviving spouse
          will begin by December 31st of the calendar year immediately following
          the calendar year in which the Participant died, or by December 31st
          of the calendar year in which the Participant would have attained age
          70 1/2, if later.

          (2) If the Participant's surviving spouse is not the Participant's
          sole designated Beneficiary, then, except as provided in Section
          11.2(b)(3), distributions to the designated Beneficiary will begin by
          December 31st of the calendar year immediately following the calendar
          year in which the Participant died.

          (3) If the Participant dies before distributions begin and there is a
          designated Beneficiary (other than the Participant's surviving
          spouse), distribution to the designated Beneficiary is not required to
          begin by the date specified in Section 11.2(b)(2), but the
          Participant's entire interest will be distributed to the designated
          Beneficiary by December 31st of the calendar year containing the fifth
          anniversary of the Participant's death.

          (4) If there is no designated Beneficiary as of September 30th of the
          year following the year of the Participant's death, the Participant's
          entire interest will be distributed by December 31st of the calendar
          year containing the fifth anniversary of the Participant's death.

          (5) If the Participant's surviving spouse is the Participant's sole
          designated Beneficiary and the surviving spouse dies after the
          Participant but before distributions to the surviving spouse begin,
          this Section 11.2(b), other than Section 11.2(b)(1), will apply as if
          the surviving spouse were the Participant.

               For purposes of this Section 11.2(b) and Section 11.4, unless
     Section 11.2(b)(5) applies, distributions are considered to begin on the
     Participant's

                                        5

<PAGE>

     required beginning date. If Section 11.2(b)(5) applies, distributions are
     considered to begin on the date distributions are required to begin to the
     surviving spouse under Section 11.2(b)(1).

          (c) Form of Distribution. Unless the Participant's interest is
     distributed in a single sum on or before the required beginning date, as of
     the first distribution calendar year distributions will be made in
     accordance with Sections 11.3 and 11.4 of this Article.

11.3 Required Minimum Distributions During Participant's Lifetime.

          (a) Amount of Required Minimum Distribution For Each Distribution
     Calendar Year. During the Participant's lifetime, the minimum amount that
     will be distributed for each distribution calendar year is the lesser of:

          (1) the quotient obtained by dividing the Participant's account
          balance by the distribution period in the Uniform Lifetime Table set
          forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the
          Participant's age as of the Participant's birthday in the distribution
          calendar year; or

          (2) if the Participant's sole designated Beneficiary for the
          distribution calendar year is the Participant's spouse, the quotient
          obtained by dividing the Participant's account balance by the number
          in the Joint and Last Survivor Table set forth in Section
          1.401(a)(9)-9 of the Treasury regulations, using the Participant's and
          spouse's attained ages as of the Participant's and spouse's birthdays
          in the distribution calendar year.

          (b) Lifetime Required Minimum Distributions Continue Through Year of
     Participant's Death. Required minimum distributions will be determined
     under this Section 11.3 beginning with the first distribution calendar year
     and up to and including the distribution calendar year that includes the
     Participant's date of death.

11.4 Required Minimum Distributions After Participant's Death.

          (a) Death On or After Date Distributions Begin.

          (1) Participant Survived by Designated Beneficiary. If the Participant
          dies on or after the date distributions begin and there is a
          designated Beneficiary, the minimum amount that will be distributed
          for each distribution calendar year after the year of the
          Participant's death is the quotient obtained by dividing the
          Participant's account balance by the longer of the remaining life
          expectancy of the Participant or the remaining life expectancy of the
          Participant's designated Beneficiary, determined as follows:

               (i) The Participant's remaining life expectancy is calculated
               using the age of the Participant in the year of death, reduced by
               one for each subsequent year.

               (ii) If the Participant's surviving spouse is the Participant's
               sole designated Beneficiary, the remaining life expectancy of the
               surviving spouse is calculated for each distribution calendar
               year after the year of the

                                        6

<PAGE>

               Participant's death using the surviving spouse's age as of the
               spouse's birthday in that year. For distribution calendar years
               after the year of the surviving spouse's death, the remaining
               life expectancy of the surviving spouse is calculated using the
               age of the surviving spouse as of the spouse's birthday in the
               calendar year of the spouse's death, reduced by one for each
               subsequent calendar year.

               (iii) If the Participant's surviving spouse is not the
               Participant's sole designated Beneficiary, the designated
               Beneficiary's remaining life expectancy is calculated using the
               age of the beneficiary in the year following the year of the
               Participant's death, reduced by one for each subsequent year.

          (2) No Designated Beneficiary. If the Participant dies on or after the
          date distributions begin and there is no designated Beneficiary as of
          September 30th of the year after the year of the Participant's death,
          the minimum amount that will be distributed for each distribution
          calendar year after the year of the Participant's death is the
          quotient obtained by dividing the Participant's account balance by the
          Participant's remaining life expectancy calculated using the age of
          the Participant in the year of death, reduced by one for each
          subsequent year.

          (b) Death Before Date Distributions Begin.

          (1) Participant Survived by Designated Beneficiary. Except as provided
          in Section 11.4(b)(2), if the Participant dies before the date
          distributions begin and there is a designated Beneficiary, the minimum
          amount that will be distributed for each distribution calendar year
          after the year of the Participant's death is the quotient obtained by
          dividing the Participant's account balance by the remaining life
          expectancy of the Participant's designated Beneficiary, determined as
          provided in Section 11.4(a).

          (2) If the Participant dies before distributions begin and there is a
          designated Beneficiary (other than the Participant's surviving
          spouse), distribution to the designated Beneficiary is not required to
          begin by the date specified in Section 11.2(b)(2), but the
          Participant's entire interest will be distributed to the designated
          Beneficiary by December 31st of the calendar year containing the fifth
          anniversary of the Participant's death.

          (3) No Designated Beneficiary. If the Participant dies before the date
          distributions begin and there is no designated Beneficiary as of
          September 30th of the year following the year of the Participant's
          death, distribution of the Participant's entire interest will be
          completed by December 31st of the calendar year containing the fifth
          anniversary of the Participant's death.

          (4) Death of Surviving Spouse Before Distributions to Surviving Spouse
          Are Required to Begin. If the Participant dies before the date
          distributions begin, the Participant's surviving spouse is the
          Participant's sole designated Beneficiary, and the surviving spouse
          dies before distributions are required to begin to the surviving
          spouse under Section 11.2(b)(1), this Section 11.4(b) will apply as if
          the surviving spouse were the Participant.

                                        7

<PAGE>

11.5 Definitions.

          (a) Designated Beneficiary. The individual who is designated as the
     Beneficiary under Section 2.6 p.1 of the Plan and is the designated
     Beneficiary under Code Section 401(a)(9) and section 1.401(a)(9)-1, Q&A-4,
     of the Treasury regulations.

          (b) Distribution calendar year. A calendar year for which a minimum
     distribution is required. For distributions beginning before the
     Participant's death, the first distribution calendar year is the calendar
     year immediately preceding the calendar year which contains the
     Participant's required beginning date. For distributions beginning after
     the Participant's death, the first distribution calendar year is the
     calendar year in which distributions are required to begin under Section
     11.2(b). The required minimum distribution for the Participant's first
     distribution calendar year will be made on or before the Participant's
     required beginning date. The required minimum distribution for other
     distribution calendar years, including the required minimum distribution
     for the distribution calendar year in which the Participant's required
     beginning date occurs, will be made on or before December 31st of that
     distribution calendar year.

          (c) Life expectancy. Life expectancy as computed by use of the Single
     Life Table in section 1.401(a)(9)-9 of the Treasury regulations.

          (d) Participant's account balance. The account balance as of the last
     valuation date in the calendar year immediately preceding the distribution
     calendar year (valuation calendar year) increased by the amount of any
     contributions made and allocated or forfeitures allocated to the account
     balance as of dates in the valuation calendar year after the valuation date
     and decreased by distributions made in the valuation calendar year after
     the valuation date. The account balance for the valuation calendar year
     includes any amounts rolled over or transferred to the plan either in the
     valuation calendar year or in the distribution calendar year if distributed
     or transferred in the valuation calendar year.

          (e) Required beginning date. The date specified in Sections 6.5(d)
     p.51 and 6.6(b) p.53 of the Plan.

                                        8

<PAGE>

     IN WITNESS WHEREOF, this Amendment has been executed this 1st day of
December, 2005.

                                        Employer
                                        HAVERTY FURNITURE COMPANIES, INC.

Attested by: Jenny H. Parker            By: Allan J. DeNiro
             ------------------------       ------------------------------------
Title: Vice President, Secretary        Title: Chief People Officer
       and Treasurer

                                        9<PAGE>
                                                                   EXHIBIT 10.19

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

The following table sets forth the 2006 annual base salary levels of those
individuals that are the named executive officers (as defined in Item 402(a)(3)
of Regulation S-K) in the 2006 proxy statement of Haverty Furniture Companies,
Inc.:

<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             Executive Vice President, Marketing                           $ 270,000
Rawson Haverty, Jr.           Senior Vice President, Real Estate                            $ 215,000
Steve G. Burdette             Senior Vice President, Operations                             $ 215,000
</Table>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]