Method, apparatus, and system for a programmable event-driven yield mechanism. The mechanism may disrupt processing of a program to deliver a yield event. The event may be treated as a fault-like yield event or a trap-like event. For a fault-like yield event, the faulting instruction is canceled before retirement and processor state is not updated before the yield event is delivered. For a trap-like yield event the instruction causing the trap is retired and the yield event is delivered on an interrupt boundary. Multiple pending yield events may be handled according to priority. Other embodiments are also described and claimed.