Which of the following settlement agreements would usually require court approval?

A settlement agreement which includes payments for a period longer than 10 years:

FRCP stands for"

Rule 68 refers to:

Over a year ago, Otis sued Angelo in federal court on a breach of contract claim. Because of the complexity of the case, discovery has gone on for more than 15 months and has been a very expensive and time-consuming process for both sides. Finally, trial is set to begin on February 1st. As Angelo's legal team makes its way through the mountain of documents and digital document files, a particularly astute paralegal notices something which could be devastating to their defense. When he mentions this to the supervising attorney, the team quickly consults Angelo and advises him to try to settle the matter. Angelo agrees, and on January 20th Angelo's lead counsel, Ryan, messengers over a settlement offer to the plaintiff's attorney. The settlement offer was for $1 million. By February 1st, the defense team has not heard back from Ryan or his client, and trial commences. As might have been predicted from the discovery process, this is a long, drawn-out trial, in which costs for each side quickly reach into the hundreds of thousands of dollars. In the end, the jury finds in favor of the plaintiff, awarding Otis $800,000. Angelo is rather upset, as the judgment against him plus his attorney's fees add up to well over $1 million. Is there anything you can say to Angelo to cheer him up at least a little, even if he's unlikely to smile for quite awhile?