We present a novel framework for music and emotion research that addresses emotional experiences with music as functional episodes. This framework, called the Episode Model, places the situation and the function of the music for the individual at the centre of the experience and integrates acts of affective self-regulation to our understanding of music as emotional experiences. The model consists of a set of five common and functionally unique episodes of emotional experiences related to music, which are: 1. Enjoyment - Distraction - Relaxation (EDR), 2. Connection - Belonging (CB), 3. Focus - Motivation (FM), 4. Personal Emotional Processing (PEP), and 5. Aesthetic - Interest - Awe (AIA). Each episode type can be characterised by a distinct configuration of six descriptive schemes: (i) core affect and emotion qualia, (ii) induction mechanisms, (iii) listening modes and agency, (iv) reward and exposure, (v) musical meanings, and (vi) functional contexts. This framework of episodes and schemes places the functionality of emotions at the forefront of music and emotion research and explains how emotional experiences are situated and functionally constructed. Additionally, we provide a set of assumptions and specific predictions to facilitate focussed empirical studies of emotional engagement with music.