<PAGE>
                                                                   EXHIBIT 10(i)

                   BROWN-FORMAN 2004 OMNIBUS COMPENSATION PLAN
              NON-EMPLOYEE DIRECTOR STOCK APPRECIATION RIGHT AWARD

   Capitalized terms used below have the definitions assigned to them in the
      Brown-Forman 2004 Omnibus Compensation Plan, effective July 22, 2004
                      (the "Plan"), or as defined herein.

<TABLE>
<CAPTION>
                                     SUMMARY
--------------------------------------------------------------------------------
<S>                                  <C>
Participant:                         [NAME]
--------------------------------------------------------------------------------
Grant Date:                          [DATE]
--------------------------------------------------------------------------------
First Exercise Date:                 [DATE]
--------------------------------------------------------------------------------
Expiration Date:                     [DATE]
--------------------------------------------------------------------------------
Number of Shares:                    [NUMBER]
--------------------------------------------------------------------------------
Class of Shares:                     BROWN-FORMAN CORPORATION CLASS B COMMON
--------------------------------------------------------------------------------
Grant Price:                         $[PRICE]
--------------------------------------------------------------------------------
</TABLE>

THIS AWARD, effective as of the Grant Date set out above, represents the grant
of a stock appreciation right by Brown-Forman Corporation, a Delaware
corporation (the "Company") to the Participant named above, who is a
Non-Employee Director of the Company pursuant to the Plan.

1. GRANT OF STOCK APPRECIATION RIGHT. The Company hereby grants to the
Participant a Stock-settled Stock Appreciation Right (the "SSAR"), subject to
the terms and conditions set out within this Award and to the terms of the Plan.

2. VALUE OF THE SSAR. The SSAR shall entitle the Participant, upon exercise of
the SSAR (in whole or in part), to receive from the Company an amount (payable
in the form of Class B Common Shares) determined by multiplying:

A)   the appreciated value of one Class B Common Share, calculated as the Fair
     Market Value of one Class B Common Share on the date of exercise minus the
     Grant Price as shown above; by

B)   the number of Class B Common Shares with respect to which the SSAR is
     exercised.

3. TERM. The term of this Award is for a period of ten years from the first day
of the fiscal year of grant. The SSAR will become exercisable on the First
Exercise Date shown above, and it must be exercised before the close of business
on the Expiration Date shown above.

4. HOW TO EXERCISE THE SSAR. The SSAR may be exercised by delivery of written
notice in a prescribed form to the Company at its executive offices, addressed
to the attention of the Compensation Department in Louisville, Kentucky. Such
notice shall state the Participant's intention to exercise the SSAR and shall
provide the number of Class B Common Shares as to which the SSAR is to be
exercised. Such written notice must be signed by the Participant or his or her
legal representative. SSAR's may be exercised in whole or in part, but not for
fewer than 500 shares at any one time, unless the SSAR being exercised has less
than 500 remaining shares.

     As soon as practicable after the receipt of the Participant's written
notice to exercise the SSAR (in whole or in part), the Company shall cause to be
delivered to the Participant or his or her legal representative, as the case may
be, one or more certificates for the Class B Common Shares


                                  Page 1 of 4
<PAGE>

due to the Participant upon exercise. The Class B Common Share certificate(s)
shall be issued in the Participant's name (or, at the discretion of the
Participant, jointly in the name of the Participant and the Participant's
spouse).

5. FORM OF PAYMENT. The Company shall satisfy its obligation upon the
Participant's exercise of the SSAR (in whole or in part) in Class B Common
Shares based upon the Fair Market Value or the Company's Class B Common Shares
on the date of exercise, as determined by the Plan Administrator in its sole
discretion. Notwithstanding the foregoing, no fractional Share shall be
distributed in settlement of the SSAR and any portion of the SSAR which would be
settled in a fractional Share shall be rounded up to a whole Share with no
additional payment to be made in cash except as otherwise permitted by the
Internal Revenue Service under an exemption from the application of IRC Section
409A.

6. TERMINATION OF SERVICE. In the event the Participant does not remain a
Non-Employee Director of the Company during the term of the SSAR, the following
rules will apply:

A)   Voluntary Retirement. If the Board Service of the Participant terminates by
     reason of Voluntary Retirement from Board Service, the SSAR will continue
     in force until the earlier of (a) the Expiration Date; or (b) the end of
     seven years following the date of Retirement.

B)   Death. If the Participant dies, the SSAR must be exercised by the earlier
     of (a) the Expiration Date or (b) the end of five years following the date
     of death. An exercisable SSAR shall be exercised by the person(s) named as
     the Participant's beneficiary(ies), or, if the Participant has not named
     one or more beneficiaries, by whoever has acquired the Participant's rights
     by will or by the laws of descent and distribution.

C)   Termination for any Other Reasons. If the Participant's service terminates
     for any reason other than those set out in items A through B immediately
     above, and in the absence of any action by the Plan Administrator, the SSAR
     shall expire immediately as of the time and date of termination, and may
     not be exercised. However, the Plan Administrator, in its sole discretion,
     based on the facts and circumstances of such termination, may delay the
     expiration of all or any portion of the SSAR to any date not later than the
     Expiration Date.

7. CHANGE IN CONTROL OR POTENTIAL CHANGE IN CONTROL. In the event of a Change in
Control or Potential Change in Control of the Company, as defined in the Plan,
the First Exercise Date and the Participant's rights with respect to the SSAR
shall be governed by the terms of Article 11 of the Plan.

8. RIGHTS AS A SHAREHOLDER. The Participant has no rights as a shareholder
(including, but not limited to, the right to receive dividends or dividend
equivalents, or to vote on shareholder issues) with respect to Shares
potentially available upon exercise of the SSAR. Shareholder rights accrue only
to holders of Shares issued and delivered pursuant to exercise of the SSAR.

9. RESTRICTIONS ON TRANSFER. The SSAR may not be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated, other than by will or by the
laws of descent and distribution. Further, the SSAR shall be exercisable during
the Participant's lifetime only by the Participant or the Participant's duly
appointed legal representative.

10. RECAPITALIZATION. If there is any change in the Company's Shares through the
declaration of

                                  Page 2 of 4

<PAGE>

Share dividends or through recapitalization resulting in Share splits or through
merger, consolidation, exchange of Shares, or otherwise, the Plan Administrator
may adjust the number and class of Shares subject to the SSAR, as well as the
Grant Price, to prevent dilution or enlargement of rights.

11. BENEFICIARY DESIGNATION. The Participant may, from time to time, name any
beneficiary or beneficiaries (who may be named contingently or successively) to
whom any benefit under this Award is to be paid in case of his or her death
before he or she receives any or all of such benefit. Each such designation
shall revoke all prior designations by the Participant, shall be in a form
prescribed by the Company, and will be effective only when delivered during the
Participant's lifetime to the Company at its executive offices, addressed to the
attention of the Compensation Department in Louisville, Kentucky.

12. CONTINUATION OF SERVICE. This Award shall not confer upon the Participant
any right to continued service as a director of the Company, nor shall this
Award interfere in any way with the Company's right to terminate the
Participant's service at any time.

13. TAX CONSEQUENCES. By accepting the SSAR, the Participant acknowledges that
(i) he or she understands that upon either the grant or the exercise of the
SSAR, he or she may recognize adverse tax consequences, and (ii) he or she
understands that the Company may deduct or withhold, or require the Participant
to remit to the Company, an amount of Class B Common Shares sufficient to
satisfy Federal, state, and local taxes (including the Participant's FICA
obligation) required by law to be withheld with respect to any exercise of the
Participant's rights under this Award. You are encouraged to consult with a
qualified tax advisor concerning the SSAR. In addition, the Participant agrees
that the SSAR shall be administered and settled as required for the SSAR to be
deemed not to be deferred compensation subject to the provisions of IRC Section
409A as provided in Internal Revenue Service Notice 2005-1.

14. MISCELLANEOUS.

A)   This Award and the Participant's rights under it are subject to all the
     terms and conditions of the Plan, as the same may be amended from time to
     time, as well as to such rules as the Plan Administrator may adopt. The
     Plan Administrator may impose such restrictions on any Shares acquired
     pursuant to the exercise of the SSAR as it may deem advisable, including,
     without limitation, restrictions under applicable Federal securities laws,
     under the requirements of any stock exchange or market upon which such
     Shares are then listed and/or traded, and under any blue sky or state
     securities laws applicable to such Shares. The Plan Administrator in
     conjunction with the Company's compliance officer may designate periods
     during which the SSAR may not be exercised by Participants.

     The Plan Administrator may, in its sole discretion, administer, construe,
     and make all determinations necessary or appropriate to the administration
     of the Plan and the SSAR, all of which shall be binding upon the
     Participant.

B)   Subject to the provisions of the Plan, the Board of Directors may
     terminate, amend, or modify the Plan; provided, however, that no such
     termination, amendment, or modification of the Plan may in any way
     adversely affect the Participant's rights under this Award, without the
     written consent of the Participant.


                                  Page 3 of 4

<PAGE>

C)   The Participant agrees to take all steps necessary to comply with all
     applicable Federal and state securities law in exercising his or her rights
     under this Award.

D)   This Award shall be subject to all applicable laws, rules, and regulations,
     and to such approvals by any governmental agencies or national securities
     exchanges as may be required.

E)   The Company's obligations under the Plan and this Award, with respect to
     the SSAR, shall bind any successor to the Company, whether succession
     results from a direct or indirect purchase, merger, consolidation, or
     otherwise, of all or substantially all of the business and/or assets of the
     Company.

F)   To the extent not preempted by Federal law, this Award shall be governed
     by, and construed in accordance with, the laws of the State of Delaware.

G)   At all times when IRC Section 162(m) applies, all Awards to Designated
     Executive Officers shall comply with its requirements, unless the Plan
     Administrator determines that compliance is not desired or necessary for
     any Award or Awards. To that end, the Plan Administrator may make such
     adjustments it deems appropriate for a specific Award or Awards, except
     that a performance-based Award cannot be replaced by a
     non-performance-based Award if performance goals are not achieved, nor can
     the characterization of an Executive Officer as a Designated Executive
     Officer, once made, change for a given Performance Period.

H)   This Award is subject to the terms of the Plan and Administrative
     Guidelines promulgated under it from time to time. In the event of a
     conflict between this document and the Plan, the Plan document as well as
     any determinations made by the Plan Administrator as authorized by the Plan
     document, shall govern.

     IN WITNESS WHEREOF, the parties have caused this Award to be executed as of
the Grant Date.


Brown-Forman Corporation



By:_______________________
Bruce S. Cote
Vice President,
Director HR Employee Services



                                  Page 4 of 4

<PAGE>




                             FIRST AMENDMENT TO THE
                   BROWN-FORMAN 2004 OMNIBUS COMPENSATION PLAN
              NON-EMPLOYEE DIRECTOR STOCK APPRECIATION RIGHT AWARD

     WHEREAS, Brown-Forman Corporation (the "Company") maintains the
Brown-Forman 2004 Omnibus Compensation Plan (the "Plan"); and

     WHEREAS, the Company has previously granted ____ [INSERT NUMBER OF SARS]
stock appreciation rights to ___________________________ [INSERT NAME OF
GRANTEE] pursuant to the Brown-Forman 2004 Omnibus Compensation Plan
Non-Employee Director Stock Appreciation Right Award, dated ____________ (the
"Award"); and

     WHEREAS, pursuant to Section 12.2 of the Plan, the Plan Administrator may
amend the Award; and

     WHEREAS, the Plan Administrator desires to amend Section 10 of the Award
regarding adjustments in connection with a recapitalization (or other similar
event) to the Shares granted thereunder.

     NOW, THEREFORE, effective _______________ ___, 2006, the Plan Administrator
hereby amends the Award as follows:

     1. Section 10 of the Award is amended to read as follows:

          10. RECAPITALIZATION.If there is any change in the Company's Shares
          through the declaration of Share dividends or through recapitalization
          resulting in Share splits or through merger, consolidation, exchange
          of Shares, or otherwise, the Plan Administrator shall adjust the
          number and class of Shares subject to the SSAR, as well as the Grant
          Price, to prevent dilution or enlargement of rights.

     IN WITNESS WHEREOF, the Plan Administrator has caused this First Amendment
to the Brown-Forman 2004 Omnibus Compensation Plan Non-Employee Director Stock
Appreciation Right Award to be executed by its duly authorized representative on
this ____ day of _______________________, 2006, effective __________________
____, 2006.