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When should I ask my director/partner for a LOR?

I’m on my notice right now and plan on going for an MBA sometime after a couple of years. Should I request my current employer to provide me a LOR right now, before I’ve moved on? Or should I just inform them right now and take it when I’m actually applying to B Schools?
Also also, what should the format of the LOR be?
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Kendall Carmden

Rakuten

a year ago

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Jordon Denver

Stealth

a year ago

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