If episodic memory is constructive, experienced time is also a construct. We develop an event-based formalism that replaces the traditional objective, agent-independent notion of time with a constructive, agent-dependent notion of time. We show how to make this agent-dependent time entropic and hence well-defined. We use sheaf-theoretic techniques to render agent-dependent time functorial and to construct episodic memories as sequences of observed and constructed events with well-defined limits that maximize the consistency of categorizations assigned to objects appearing in memories. We then develop a condensed formalism that represents episodic memories as pure constructs from single events. We formulate an empirical hypothesis that human episodic memory implements a particular time-symmetric constructive functor, and discuss possible experimental tests.