The effects of reward expectation and task-irrelevant emotional content on performance and event-related potential (ERP) recordings in a cognitive conflict control task were investigated using the face-word Stroop paradigm. A precue indicating additional monetary rewards for fast and accurate responses during the upcoming trial (incentive condition; relative to a cue indicating no additional reward, i.e., nonincentive condition) was followed by the presentation of target Chinese words (male vs. female) superimposed on background emotional faces (happy vs. fearful). The face's gender was congruent or incongruent with the target Chinese words. ERP results revealed that incentive cues elicited larger P1, P3, and CNV responses compared to nonincentive cues. There was a significant three-way interaction of reward expectation, emotional content, and congruency during the target processing stage such that emotionality and congruency interacted to affect the N170 and N2 component responses during the nonincentive condition but not during the incentive condition. These results indicate that reward-induced motivation reduces the interference effect of task-irrelevant emotional information, leading to better conflict resolution.