A now-defunct Chicago financial services firm will have to shell out $1 million to a former employee in line with his contract, a state appeals panel ruled late last month.The 1st District Appellate Court rejected Getco’s arguments it did not have to pay former developer Zachariah Reed as outlined in his contract, finding the terms to be clear.The contract between Getco and Reed “did not grant defendant the sole and absolute discretion to modify plaintiff’s noncompete restrictions,” Justice Jesse G. …