To connect a RS422 differential output to a TTL single-ended input, in most cases it is sufficient to connect just one of the differential lines to the input and provide common ground of the input device and the encoder. Each line of the differential output will swing between 0 and (almost) 5V, and that's what a TTL compatible input needs.
TTL input termination impedance is everything but well defined, since it will be different depending on what state the input is in. Anyhow, if you use just one of the differential output lines, this is just a working set up and not the proper one, so you probably don't have to care about termination.
The proper way is to use a level converter, such as the Am26LS32. This IC will convert differential signals (fed by both lines) to proper TTL level. You can add a termination resistor of 120 ohms in case there are any problems with signal ringing.